Linked by Thom Holwerda on Thu 18th Aug 2011 19:34 UTC
Hardware, Embedded Systems Major bombshell, and sorry, but this certainly requires a breaking tag as well: HP has announced it is discontinuing operations for webOS devices - effective immediately. Just like that... The TouchPad and Pre 3 are dead. Eh. Raise your hands if this brings back those painful memories of that infamous 'Focus Shift'. In addition, the company also announced its intention to sell its personal computer business.
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RE: HP wants to be like IBM
by Soulbender on Fri 19th Aug 2011 06:49 UTC in reply to "HP wants to be like IBM"
Soulbender
Member since:
2005-08-18

They want to get out of businesses they don't think they can make money in.


A pretty healthy attitude for a company.

Reply Parent Score: 2

RE[2]: HP wants to be like IBM
by shotsman on Fri 19th Aug 2011 10:10 in reply to "RE: HP wants to be like IBM"
shotsman Member since:
2005-07-22

It should be

They are going to get out of any business they can't make their overflated target profits in.

The PC biz is low margin BUT as part of a big consultancy deal it was seen as a key component in sealing the deal for lots of Services and Managed Contracts which are much higher margin. I could name quite a few $20M+ deals that included say 500K of PC's.

The BOD & Key bean counters don't see that view of the world. I saw it first hand when Compaq took over DEC. My friends saw it when HP took over Compaq and the very few that remain, are now going to be out of a job.

Sad.

Reply Parent Score: 2