In a somewhat surprising move, HP yesterday killed off the HP TouchPad and is shutting down the WebOS operations at HP.
As part of the transformation, HP announced that its board of directors has authorized the exploration of strategic alternatives for the company's Personal Systems Group. 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. (See accompanying press release.)
HP will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. The devices have not met internal milestones and financial targets. HP will continue to explore options to optimize the value of webOS software going forward.
Link - http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1598003&highlight=
Many have speculated WebOS could have been a formidable competitor to Apple’s iOS, but it’s not a big surprise considering sales for the TouchPad were very weak. HP also seems to be ditching the PC business which will also make for a very interesting dent in the PC landscape.