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HP halts WebOS business, spins off PC unit

Hewlett-Packard says it will discontinue its WebOS operations, including its TouchPad tablet, as the company cuts its outlook for the next two quarters.

HP said today it will discontinue its WebOS operations as the company cut its outlook for the next two quarters. The company will also acquire Autonomy, an enterprise information retrieval outfit.

The company said it will discontinue operations for WebOS devices, specifically the TouchPad and WebOS phones. In April 2010, HP talked about doubling down on Palm and the WebOS. And that WebOS unit will cost HP some dough to discontinue. HP will also spin off its PC unit.

HP said that it will take a hit to fiscal 2011 earnings of US$1.16 a share to US$1.23 a share as it restructures and shuts down WebOS devices and related operations. There were signs that TouchPad sales were bleak, but a complete shutdown of WebOS operations was unexpected.

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