Post by hurricanemaxi on Dec 10, 2011 18:47:18 GMT -5
Many expect Whitman to address what HP plans to do with webOS, which former CEO Leo Apotheker decided to kill back in August
Hewlett-Packard (HP) has had a bit of a rocky year due to a few decisions made by former CEO Leo Apotheker, but current CEO Meg Whitman has been cleaning up the mess piece by piece, including deciding the fate of the company's mobile operating system webOS.
Whitman is expected to finally announce the company's plans for webOS today at an all-hands meeting set for 10:30 a.m. Pacific.
Back in August of this year, Apotheker made two startling announcements that rocked HP's world: HP was selling off its PC unit (which was later switched to a spin-off PC unit instead), and the company was killing off its TouchPad tablet with accompanying mobile operating system webOS.
HP acquired webOS from gadget-maker Palm Inc. in April 2010. The OS was initially used for smartphones and later adapted to HP's TouchPad tablet. But due to problems like overproduction and slow hardware releases, the tablet didn't sell the way many expected and ended up costing the company $100 million in unsold inventory, according to Apple Insider.
Despite the TouchPad's failure, investors were shocked at the death of webOS as well as a spin-off PC unit and the company's stock took a plunge. Apotheker was eventually fired September 22, 2011 and Whitman took the helm.
After taking care of the PC spin-off issue, Whitman is now expected to address HP's plans with webOS. Last month, Whitman said she wanted to think through the webOS situation thoroughly before making any solid decisions.
Many expect that the all-hands meeting this morning will provide the answers many have been waiting for.
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Hewlett-Packard (HP) has had a bit of a rocky year due to a few decisions made by former CEO Leo Apotheker, but current CEO Meg Whitman has been cleaning up the mess piece by piece, including deciding the fate of the company's mobile operating system webOS.
Whitman is expected to finally announce the company's plans for webOS today at an all-hands meeting set for 10:30 a.m. Pacific.
Back in August of this year, Apotheker made two startling announcements that rocked HP's world: HP was selling off its PC unit (which was later switched to a spin-off PC unit instead), and the company was killing off its TouchPad tablet with accompanying mobile operating system webOS.
HP acquired webOS from gadget-maker Palm Inc. in April 2010. The OS was initially used for smartphones and later adapted to HP's TouchPad tablet. But due to problems like overproduction and slow hardware releases, the tablet didn't sell the way many expected and ended up costing the company $100 million in unsold inventory, according to Apple Insider.
Despite the TouchPad's failure, investors were shocked at the death of webOS as well as a spin-off PC unit and the company's stock took a plunge. Apotheker was eventually fired September 22, 2011 and Whitman took the helm.
After taking care of the PC spin-off issue, Whitman is now expected to address HP's plans with webOS. Last month, Whitman said she wanted to think through the webOS situation thoroughly before making any solid decisions.
Many expect that the all-hands meeting this morning will provide the answers many have been waiting for.
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rolex replica watches for sale