HP announced today it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. The devices have not met internal milestones and financial targets. HP will continue to explore options to optimize the value of webOS software going forward.
This announcement comes just a little over a year HP purchased Palm for $1.2 Billion, which provided the base technology (webOS) to power is smartphones and tablets.
HP Exits PC Business
In addition, HP is also looking to exit its consumer PC business either via through a spin-off or other transaction.
The HP plan will fundamentally transform the company to focus on higher-margin enterprise, small and midsize business and public sector customers. A post-transaction HP will focus on printing, software, services, servers, storage and networking.