HP to Follow IBM in getting out of Consumer PC Business

As reported HP made some big announcements yesterday that included to stop making webOS based devices, buying unstructured data search specialist Autonomy for $10 billion and spinning off the PC business. As you might remember HP bolstered their computer business back in 2002 with the purchase of Compaq. Now, under the new lead of Leo Apotheker, HP wants get out of the consumer PC business because of the low margins.

IBM did the same thing with the sale of their PC business to Lenovo years ago. It looks like HP will be soon just be known to consumers for their printers and not for other hardware. On the topic of webOS, HP insists that they will keep working on it. I do not see that going to be happening. If HP is not using it themselves, why should other hardware makers?
Additionally why would any app developer stick with webOS now? Come early 2012 we will have forgotten about webOS. 2012 will be anyway mostly about Windows 8.

Updates

Hewlett Packard's layoff plans backed by analysts

Source: Times of India

Analysts said Hewlett Packard Co's plan to cut jobs was a step in the right direction but the PC maker will have to do more to regain investors' confidence. Shares of the world's No. 1 personal computer maker ...
Full article at: Times of India  More like this  3 hours ago

Can mighty Meg Whitman save HP from terminal failure?

Source: Guardian Unlimited

'Hewlett-Packard to lay off 27,000 employees," said the headline, prompting a grimace from this columnist. For while it's great fun to observe a smart-ass startup such as Facebook screw up (as it appears ...
Full article at: Guardian Unlimited  More like this  8 hours ago, 6:05pm CDT

Better PC Play: Dell or HP?

Source: AOL News

The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner discusses topics across the investing world. Both Dell and Hewlett-Packard announced quarterly earnings r ...
Full article at: AOL News  More like this  8 hours ago, 5:40pm CDT

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