Thursday, August 18, 2011
Mobile: HP Will Abandon Web OS Development
Ouch...HP is having a really bad day on a generally bad day for the stock market.
HP trading was halted as news reports confirm that it was getting rid of its PC business via a spin-off. And just now, HP announced it will cease Web OS development and find other means to optimize the $1.2 billion Palm buyout.
Can you say patents? HP's statement is that it will ""continue to explore options to optimize the value of webOS software going forward."
Any guess who will pick up the pieces?
Source: Marketwatch, Statement on WebOS (multiple sources)