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November 8th, 2011

HP Looking To Sell webOS To Several Interested Buyers

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Written by: Omeed Asadi (Writer)
Tags: , , ,

We all knew that this day was eventually going to come, but weren’t exactly sure how long it would take before it happened. Ever since there were extremely lackluster sales of the HP TouchPad forcing HP to reduce the price of its tablet from $499 to 99$ so to liquidate remaining tablets, everyone knew something was wrong.

What made matters even worse was the unbelievable demand that arose for the HP TouchPad after the price drop, where they sold a whopping 400,000 tablets in just two days.

HP TouchPads Reduced from $499 to $99 Due To Lackluster Sales

That might sound like great news, but for a CEO that just decided to axe a product they’d just spent tens of millions developing, 400,000 is a number that goes against any sound decision to investors. Naturally, HP ousted former CEO Apotheker and remain him with Megan Whitman.

Everyone knew she was determined to shake things up over at HP and we’re seeing the first of that with HP’s decision to consider selling of their webOS mobile operating platform to potential buyers. Most people are expecting the deal to be worth roughly $1.2 billion dollars less than the price HP paid to purchase the mobile platform from Palm a few years ago.

HP Would Still Lose Money From Any Potential Sale

However the really great news from HP is the number of active users they acquired from the HP TouchPad firesale, which brings the number of estimated webOS users to, at least, 600,000. While several companies are reported by Reuters as being interested in purchasing the mobile operating system, Oracle Corp is said to be the forerunner and by a long shot.

The report also went on to say that HP consulted with Bank of America Merrill Lynch to devise a pros/cons of keeping the webOS platform and also devised a projected sale price of a few hundred million, although they declined to comment on that.



About the Author

Omeed Asadi (Writer)
Omeed is a born-again Apple-Evangelist who is also wrapping up his last year towards a BA. He loves technology and is the go-to guy for curing his friends and family's technological-woes. He's also solved 99% of issues by asking "have you tried re-setting your router?". -omeed@gizmoinsider.com


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