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  1.    #1  
    All discussions about HP's recent news will be posted in this thread.

    Hewlett-Packard Stock Spikes on Spinoff Report - MarketBeat - WSJ


    Members may be upset (understatement), but please remember to keep the flames and heat to a moderate temp.
    Last edited by HelloNNNewman; 08/18/2011 at 03:56 PM.
  2. #2  
    We knew HP was having trouble selling webOS devices, and as part of their quarterly fiscal announcement, they announced that they plan to discountinue operations for webOS devices, to include the TouchPad and webOS phones.

    In the press release sent out this afternoon, HP confirmed that they were in discussions for an acquisition of Autonomy and announced preliminary results for Q3 2011, with revenue up to $31.2 billion in comparison to $30.7 billion this time last year.

    But this is PreCentral - we don't care about any of that, and we're pretty sure you don't care either. Needless to say, our minds are completely blown by this news. HP didn't give any reason in their press release for the shut down (we've reached out for comment and will update if/when we get it).


    So what does this mean? The statement was carefully worded to state that they're "discontinuing operations for webOs devices," not webOS as an operating system. If anything, this should add fuel to the second option we discussed earlier today when the shocking word of an HP breakup first surfaced: HP is more interested in webOS than devices. They tried to give it a go with hardware, but quickly realized that they weren't going to be able to make it work without massive long-term investment and commitment. So less than a year after acquiring all of Palm for $1.2 billion, we're looking at a hazy future for webOS.

    Today it became approximately one thousand times harder to recommend anybody buy a TouchPad or Veer or Pre3. The entire ecosystem is in doubt. Now it's pretty clear why HP has had trouble telling us when or where the Pre3 might actually be available. There's the possibility that maybe someday some other mobile device manufacturer might pick up webOS and use it on their handsets, but if/when that happens is anybody's guess.



    . . . after announcing spinoff of the PC division and the impending acquisition of Autonomy.
    Last edited by HelloNNNewman; 08/18/2011 at 03:48 PM. Reason: title changed back
  3.    #3  
    Edit: um.. yeah. OK
    Last edited by HelloNNNewman; 08/18/2011 at 03:48 PM.
  4. #4  
    Quote Originally Posted by HelloNNNewman View Post
    Um.. is this a statement, or was there a link to a story
    Hewlett-Packard Stock Spikes on Spinoff Report - MarketBeat - WSJ

    AllThingsD must be sad.

    P.S. Found the story thanks to MarketPulse HD on the Touchpad.
    IGNTNUNLMTD, kchan283 and Rnp like this.
  5. #7  
    Why would the largest computer maker in the world spin off it’s PC division?

    BMO Capital analyst Keith Bachman considers the potential spin-off of the PC division, and finds such a move unlikely in the near- or medium-term.

    “From our take, we can think of very few buyers for the PC division,” he writes. “Samsung may be interested in such a deal, if it included Palm. We think Nokia could have an interest also, but Nokia does not have the funds at present, in our view, and is already undergoing a major restructuring. We do not think Acer has the capital, and Lenovo could have an interest, but has recently completed a few smaller deals. Hence, we think there is a very limited set of buyers, with Samsung as the only credible party, in our view. We think such a deal would make sense at the right price, but we are not sure that HP could monetize the asset for a reasonable price. Further, HP would like lose retail shelf space around the world for other products, such as printers, if HP were to spin off the PC division. Bottom line, we do not think this deal is likely in the next 12 months, and thus we do not think investors to look to a major restructuring to create shareholder value.”

    HP: BMO Downgrades; Earnings Thursday; Sees No PC Spin - Forbes
    Palm m130 > Verizon Trēo 650 > Verizon Trēo 755p > Verizon Palm Prē Plus > TouchPad > Verizon Palm Prē 2
    ~ The Future's Just Not What it Used To Be ~
  6. #8  
    Didn't Palm/HP get moved under the PC division? Or am I misremembering that?
  7. #9  
    Quote Originally Posted by JED-WEB-OS View Post
    Why would the largest computer maker in the world spin off itís PC division?
    Low margins, I guess. It doesn't help that PC growth has hit a wall either.
    milominderbinde likes this.
  8.    #10  
    They said they wanted to start getting into the software arena too... slice off the down-trending department and pick up the one that will offer future growth.
  9. #11  
    Quote Originally Posted by HelloNNNewman View Post
    They said they wanted to start getting into the software arena too... slice off the down-trending department and pick up the one that will offer future growth.
    Yeah, it really sounds like they're following IBM's lead.
  10. #12  
    Here's a little more from AllThingsD:

    The potential spinoff of the PC business would amount to a huge shift in business. HP is, after all, the world’s largest maker of personal computers, ahead of Dell. HP’s Personal Systems Group did nearly $41 billion in business last year that earned $2 billion. This is the sort of radical surgery that analysts have been calling for in recent months as the PC market has suffered, and HP’s lack of success so far with the TouchPad tablet device hasn’t made that unit look any better.
    milominderbinde likes this.
  11. #13  
    Let's wait for something official from HP before we treat this as fact. There's no official announcement from HP on this, after all.
  12. redmist's Avatar
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    #14  
    This is quite worrying. Didnt they say they were going to put webOS on every PC?

    -- Sent from my Palm Pre3 using Forums
    Pilot 5000 > Pre > Pre2 > Pre3 > Galaxy Nexus
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  13. #15  
    Quote Originally Posted by HelloNNNewman View Post
    They said they wanted to start getting into the software arena too... slice off the down-trending department and pick up the one that will offer future growth.
    Another common misconception... HP ALWAYS has been in the software arena. Just that they don't produce consumer software.

    I use HP software on a daily basis... HP Quality Center.
    Palm IIIc -> Sony CLI… T650C -> Sony TJ-37 -> Palm TX -> Palm Centro -> Palm Pre Bell -> Palm Pre Plus Bell/Verizon Hybrid -> HP Veer -> HP Pre 3 NA -> BlackBerry Classic -> BlackBerry Priv

    It's a Late Goodbye, such a Late Goodbye.

    Need OEM Palm Pre parts? See here
  14. #16  
    The PC market has flattened because of the tablet phenomena, but you can’t do every thing on a tablet that you can do on a PC and with HP pushing WebOS into the PC this will merge the technologies to a point that HP will be able to compete in both markets. Just because Dell has hit a wall doesn’t mean that HP is in the same boat.
    Palm m130 > Verizon Trēo 650 > Verizon Trēo 755p > Verizon Palm Prē Plus > TouchPad > Verizon Palm Prē 2
    ~ The Future's Just Not What it Used To Be ~
  15. #17  
    If true, it would very likely be the death knell of webOS - at least for developer support (myself included).
    Developer of Ultimate Hockey, netSpeed, BatteryMonitor, The Ghastly Headset,
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  16. #18  
    I would likely envision this as following the IBM model. HP would probably sell the assets of the PC hardware division and simultaneously sign a strategic alliance with the purchaser where HP promotes and sells their products through its channels. If they're just selling the PC hardware division assets then this would not include webOS and I doubt it directly includes the touchpad or smartphones.

    Gargoyle
  17. #19  
    This past spring, HP announced that it's Personal Systems Group group who makes PC's, netbooks, and tablets will be taking over responsiblitiy for futre webOS tablet products.

    Today Bloomberg is reporting: HP to Spin Off PCs, Eyes Software Purchase

    So if the TouchPad will be moving on, will the Pre3 and Veer being going with it?

    [EDIT] Please note that HP has not confirmed this and it would for now only apply to the TouchPad.
    Last edited by milominderbinder; 08/18/2011 at 01:54 PM.
  18. cgk
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    #20  
    Quote Originally Posted by JED-WEB-OS View Post
    The PC market has flattened because of the tablet phenomena, but you canít do every thing on a tablet that you can do on a PC and with HP pushing WebOS into the PC this will merge the technologies to a point that HP will be able to compete in both markets. Just because Dell has hit a wall doesnít mean that HP is in the same boat.
    If they spin-off the Personal System Group then HP will not care what is done with WebOS (as that is in the PSG).

    However let's wait until we have something solid before we all rush to conclusions!
    milominderbinde likes this.
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