In a shocking announcement today, HP posted a press release that it will be abandoning operations of all webOS-related products, which includes the HP Pre, HP Veer and the HP TouchPad.
That’s probably the reason why HP dropped the price of their tablets the other week.
The release, posted earlier today, states:
HP today commented on the recent announcement by Autonomy Corporation plc (LSE: AU.L). HP confirms that it is in discussions with Autonomy regarding a possible offer for the company.
HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction.
In addition, HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward. {source: HP}
HP bought Palm in April of 2010 and by February of 2011 announced the HP TouchPad and the HP Pre & Veer.
It seems too quick for HP to ditch their webOS devices but slow sales of their tablets might have prompted this decision.