Hewlett-Packard to Computers: Drop Dead

[Jack]

Articles :

Hewlett-Packard to Buy Autonomy for $10.3 Billion, Weighs PC Unit Spinoff

Hewlett-Packard Co. (HPQ) is planning a sweeping overhaul of its businesses, agreeing to buy Autonomy Corp. for $10.3 billion and weighing a breakup that would unravel the much-debated Compaq Computer Corp. purchase.
Shareholders of Autonomy, which develops search software, will receive $42.11 a share, Palo Alto, California-based Hewlett-Packard said in a statement. That's 64 percent more than Autonomy’s close yesterday. Hewlett-Packard, whose shares fell after the company issued forecasts that missed estimates, also said it’s considering spinning off its PC division and that it will discontinue products that run WebOS software.
Chief Executive Officer Leo Apotheker, who took the helm at Hewlett-Packard in November, is lessening the company’s reliance on PCs as consumer demand wanes and Apple Inc. lures buyers to its iPad. He’s also expanding in so-called cloud services, which help customers handle computing tasks over the Internet.
“Their focus is on being more of a software and services company and not dependent on the hardware businesses,” said Michael Gartenberg, an analyst at Stamford, Connecticut-based Gartner Inc. “The hardware business has become a difficult business. In many ways it’s a commodity-driven business. This is a major strategic shift for HP.”

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Hewlett-Packard to Computers: Drop Dead

The personal computer is dead. Or that’s at least what Hewlett-Packard thinks.

The company is getting out of the computing hardware business, report our Deal Journal colleagues. No more H-P personal computers, no more H-P tablet computers (not that anyone bought them anyway), no more H-P/Palm-made cell phones (ditto). The company is keeping the WebOS operating system, which is part of the operation that includes Palm.

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[Vextor]

What HP are doing is destroying their business.

 

[jamescv7]

This is a bad news for that, but at least they will still maintain like printers and business computers.

Before I know HP because of producing printer products.

 

[Deleted member 178]

HP computer were average, imo; rather they focus on their best products, printers.

 

[jamescv7]

Because of discontinue products from HP, the HP webOS is now for 99$ (Sale). Its like they are desperate to phase out since its a sale.

 

[Jack]

U.S. Best Buy to sell $100 HP TouchPad Sunday

A store manager in suburban Los Angeles said the TouchPad will go on sale when Best Buy opens its doors Sunday at 10 a.m. The sale applies to all Best Buy stores that have stock, but not all stores do, he said.
Stores typically have stock in the tens of units, not hundreds, according to the store manager. "If people start lining up, the stock will go fast," he said.

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I doubt that more than 100 people will be able to buy a HP TouchPad for 99$.....Best Buy is just making a publicity stunt.....

 

[Hungry Man]

Wow... this is huge.

And Jack, they're selling like crazy. People are buying them up -- sold out everywhere online.

 

[Jack]

HP's UK PC boss: We're going nowhere
TouchPad's on fire since we cancelled it!


HP's UK Personal Systems Group head Paul Hunter has sent round an open letter urging calm on recent news that the ink giant is rethinking its PC strategy.

This was widely reported as "HP gets out of PCs" – not hugely surprising given IBM's similar strategy.

But Hunter said: "Let me be absolutely clear in saying that at no stage has HP said it is quitting the PC business. Three options are being investigated, and whether the company is spun off, sold or kept in the HP portfolio, the team in the UK remains committed to creating and supporting great products and services."

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