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  (Source: Satan's Laundromat)
Apparently you can't run your operating system into the ground and expect a full refund

How much does Hewlett-Packard Comp. (HPQ) think its leftovers are worth?  Apparently $1.2B USD, according to VentureBeat.

HP allegedly in mid-2011 asked various parties if they were willing to pay it $1.2B USD for the remains of webOS/Palm.  That's a pretty gutsy move given that HP paid $1.2B USD for Palm in 2010.

Considering that defunct CEO Léo Apotheker and HP's sage board then proceeded to run webOS into the ground, finally terminating its product lineup and cleaning house of both the engineering staff and pro-webOS managers, that's a pretty ambitious figure to be floating, to say the least.  This is hardly atypical thinking at HP of late, though -- consider this is the company that seriously considered cutting out the heart of its business -- consumer PCs -- and only reconsidered after being smacked with shareholder class action lawsuits and public outcry.

Palm RIP
[Image Source: Gigaom]

Sadly HP appears to have been smacked hard with reality.  Samsung Electronics Comp., Ltd. (KS:005930) -- thought to be one of the potential buyers HP approached -- laughed at the prospect of such a sale insisting it would never buy webOS.  Well, it would certainly never buy it at $1.2B USD -- that's for sure.

HP's recent woes have few parallels in the technology industry, but are at least remarkably similar to those of Research in Motion, Ltd.'s (TSE:RIM) and its flaccid executive squad.  Both companies were once remarkably profitable, but have seen a veritable train wreck of recent events and have struggled as shareholders blasted them for drooping profits.

Recent reports indicated that HP might end up getting nothing for webOS, opting instead to offer the legacy ultra-mobile OS as open source software.  But other reports quote HP's new CEO Meg Whitman as saying that HP "could" launch new webOS tablets in 2013.

Sources: VentureBeat, TechCrunch



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By Belard on 12/30/2011 10:59:27 AM , Rating: 2
The Touchpad came out about 4 months after the iPad 2 and sold for the same price as an iPad2 but with many many features lacking... It performs worse than a ipad1 even though it has a camera, it might as well not even have one. Stupid stuff like that; releasing a half baked products how you sink your product / brand. There were a lot of things to like about the TB... The keyboard with numeric keys is a big plus. Hopefully Apple will add it to iOS one of these days... Same with android.

I compared the TB to my iPad1 and I didn't like the quality of the TB, but the screen was fine. Read the review on Anandtech for the good and bad.

From this rumor... It seems HP sent the Touchpad out to the public to die. HP has been doing stupid things ever since they fired their SMART CEO over nothing. They are a clown company that WILL not live 5 years, except perhaps as a printer company. They have become today's Commodore, a joke managed by idiots who are making more money than they are worth. They are the only venders of the dead Itainium platform, their desktops are no better than anyone else's, nor their prices. I stopped buying HP printers about 8 years ago because of bloatted drivers and crapware... Really, 1GB HD space for a multifunction printer?! ( in 2003)??? I just need the damn thing to print and scan. And let's not even start on thier crappy India tech support.

There are other companies that do better, make better products and support thier customers.

HP, die.


"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken














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