Thursday, August 18, 2011

HP

Hewlett Packard may follow IBM and dump its PC division.  It's also discontinuing its WebOS operation (even though I saw an ad about how awesome WebOS is just earlier this week).  Translation: the $1.2 billion Palm purchase just vanished like a fart in the wind.

Follow-up 8/19:  As of noon today, HP is down 20% today on a generally flat day, as the market absorbs how bad this news really was.