HP has just announced via a press release that it plans to discontinue all webOS-based tablets and phones, including the TouchPad.
HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward.
HP first gained control of the webOS mobile platform when it acquired Palm for $1.2 billion last year.
Hewlett-Packard also announced that it is currently in discussions with Autonomy Corporation for a "possible offer for the company." No terms were revealed, however.
HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction.
Finally, HP released preliminary results for its third fiscal quarter of 2011, announcing a revenue of $31.2 billion (up from $30.7 in the year-ago quarter). HP estimates a revenue of $32.1 billion to $32.5 billion in the fourth quarter of 2011.
[...] (trading under the symbol HPQ) fell roughly 20% during the trading hours on Friday, following the announcement yesterday that the company plans to kill off all of its webOS devices, including the TouchPad and [...]
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[...] to the public prior to major business changes that took place last month. In mid August, HP revealed that it would be discontinuing all webOS-based products, including the TouchPad, spinning off its [...]
[...] that it will be laying off a majority of its webOS division following last month's unexpected announcement that all webOS-based devices would be discontinued. Roughly 525 employees will begin to be laid off [...]
[...] Whitman, will be deciding what to do with the company's PC business by the end of this month. HP announced back in August that it may spin-off its $43 PC division into a separate company, but didn't give an [...]