HP getting out of the mobile, tablet business

HP getting out of the mobile, tablet business

Credit: AP

FILE - In this Sept. 20. 2010 file photo, the corporate logo for Hewlett-Packard Co. is displayed at an HP Innovation Summit, in New York. In a dramatic reshuffling, Hewlett-Packard Co. on Thursday, Aug. 18, 2011 said that it will discontinue its tablet computer and smartphone products and may sell or spin off its PC division, bowing out of the consumer businesses. The announcement comes just two years after spending $1.8 billion on smartphone maker Palm, which gave HP the webOS software that has been praised by critics but largely been ignored by the marketplace. (AP Photo/Mark Lennihan, File)

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KMOV.com

Posted on August 19, 2011 at 11:24 AM

SAN FRANCISCO (AP) -- Hewlett-Packard says it will end its tablet computer and smartphone businesses, and it is considering selling its PC business.

HP has been rumored for six months to have been in talks to spin off or sell its PC business. But the smartphone and tablet announcement was surprising.

HP paid $1.8 billion for smartphone maker Palm in 2009, mostly for the webOS software that powered the devices.

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