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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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