HP is expected to announce that it will spin off its PC business, stop selling tablets, and acquire a $10 billion dollar U.K. software firm called Autonomy Corp, according to the WSJ.
H-P may announce its plans as early as Thursday, the people said. Autonomy in a statement confirmed discussions "regarding a possible offer" by HP. As part of Hewlett-Packard's planned spin off of its personal computer business, it will keep the webOS software business but let go of the hardware, meaning H-P is shutting down its tablets business, people familiar with the matter said. H-P's tablet is the TouchPad, an iPad rival that went on sale in July starting at $499. Earlier this month, H-P cut its price 20%.
HP will keep its printers, storage, and networking businesses according to the report and will likely license webOS to other hardware manufacturers.
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H-P may announce its plans as early as Thursday, the people said. Autonomy in a statement confirmed discussions "regarding a possible offer" by HP. As part of Hewlett-Packard's planned spin off of its personal computer business, it will keep the webOS software business but let go of the hardware, meaning H-P is shutting down its tablets business, people familiar with the matter said. H-P's tablet is the TouchPad, an iPad rival that went on sale in July starting at $499. Earlier this month, H-P cut its price 20%.
HP will keep its printers, storage, and networking businesses according to the report and will likely license webOS to other hardware manufacturers.
Read More