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HP Bows Out Of Tablet Wars, Plans To Discontinue TouchPad And webOS Phone Products

08/18/2011 3:17 pm 0 comments

Source: CBS News

Sounding a startling retreat from the consumer business, Hewlett-Packard announced on Thursday its intention to explore “strategic alternatives” for its PC unit while discontinuing its TouchPad and webOS phone products. The company also reduced its financial outlook for the next two quarters.

In a statement, the company said it would also be discussing the rumored acquisition of the UK-based software company Autonomy on its conference call after the close of trading.

HP had little to say about the future of webOS, other than that the company would “continue to explore options to optimize the value of webOS software going forward.”

HP acquired webOS as part of a billion-dollar acquisition of Palm a year ago. At the time, company executives said they intended to integrate the software across a broad range of product lines from phones to printers.

To read this article in its entirety visit CBS News.

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