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| Former Palm CEO, John Rubinstein is packing up his desk at HP after fulfilling his commitment of staying with the company for 12 - 24 months. Rubinstein was best known for his contributions to the Apple iPod and was made CEO of Palm in 2009. In two years, Rubinstein attempted to turn webOS into a major mobile platform, but failed after multiple attempts to make the OS a true competitor to iOS, Android, and Blackberry. When HP acquired Palm in 2010, Rubinstein was also brought on board to help launch products, such as the TouchPad tablet. Ultimately, it... (Keep reading..) |
| HP hired a new chief strategy officer to help with the company to "lead HP's cloud and webOS open source initiatives." Bill Veghte is currently the EVP of HP Software, which won't change, but his role will now include "keeping HP on the cutting edge of innovation." In December, HP announced that they would be releasing webOS as an open-source platform, which put an end to what many thought the company would put an end to the operating system. HP CEO Meg Whitman said in a statement: "Every 10 to 15 years, fundamental shifts occur in the IT... (Keep reading..) |
| In 2010 HP acquired Palm for $1.2 billion. Fast forward to the present, the company reported their earnings stating they spent $1.66 billion to wind down the webOS division. The amount is attributed by $885 million from the "impairment of goodwill and purchased intangible assets" that was tied to the OS and Palm, and $775 million in one time related charges. HP said: "First, we took a total charge to operating income of $788 million. This was associated with the wind down of our webOS device business. This charge included a net revenue reduction of $142 million related to... (Keep reading..) |
| Ex eBay executive Meg Whitman has been named as the new CEO of HP succeeding Leo Apotheker. He left the company with a $25 million severance package, which consisted of $7 million in cash and $18 million in stock. Unfortunately, the company he doesn't leave the company in the best condition with HP's stock decreasing by 47%. Apotheker's email to his employees read: TO/ All HP Employees FROM/ Léo Apotheker Dear HP Employees: This afternoon, HP issued a press release announcing my resignation as president and CEO, positions I have held with great honor this past year. Meg Whitman will assume the... (Keep reading..) |
| Now that HP announced that they would no longer be pursing webOS, but said they would "not walk away from the platform", we knew it wouldn't take long for the fate of its employees to be announced. HP announced that they would be laying off 525 webOS employees. HP said: “As communicated on August 18, HP will discontinue the development of webOs devices within the fourth quarter of fiscal year 2011, which ends Oct 31 2011...As part of this decision, the webOS GBU is undergoing a reduction in workforce. Today’s actions are part of this initiative. During this time,... (Keep reading..) |
| In two separate memos, HP announced they would be splitting up Palm Inc. into two separate units, which will consist of hardware and software. Hardware will report to Stephen DeWitt and remain part of the Personal Systems Group. Software will report to Executive VP Shane Robinson and will part of HP's Office of Strategy and Technology. The software department will support webOS devices and its App Catalog. Splitting up the company isn't a new strategy to Palm. They company did this in 2003 when they split the hardware off into palmOne when they merged with Handsource. The software division... (Keep reading..) |
| HP is certainly in a mess, but they're also not helping themselves either. HP recently tried to sue Germany's Greenova Services BmbH, a company they partnered with to handle refunds for buyers that purchased the TouchPad tablet before it dropped to their low price. News sites in the area had reported that Greenova's service was a money-making site since the site requested bank account numbers from users. HP has dropped the lawsuit against Greenova and it hasn't been clarifyied as why they didn't research the company's relationship. Source: electronista... (Keep reading..) |
| Even though HP announced that they would be stopping production of their webOS hardware, users who currently have those devices don't have to be worried about their App Catalog. HP has agreed to continue supporting the app store and also said they would be improving it as well. HP webOS Developer Relations Vice President Richard Kerris said in a letter on the Developer Blog that HP will "enhance merchandising and presentation" of its app catalog. He also expressed his "sincere appreciation" for webOS developers. Source: electronista... (Keep reading..) |
| In a 3rd Quarter 2011 earnings call, HP CEO Leo Apotheker announced that they would no longer be manufacturing webOS hardware. He said that HP is going to try to "maximize the earning potential" of their webOS software division. During the call he also mentioned that the sales of the HP TouchPad tablet did not meet sales expectations. Apotheker also noted that webOS devices did't "gain enough traction" in the smartphone market. This leaves some unanswered questions regarding rumored HP device launches like the 7-inch TouchPad Go. Are you surprised by HP's news? Source: Mobile Burn... (Keep reading..) |
| At the Qualcomm Uplinq event in California, HP senior VP Jon Rubenstein dropped some hints that they might lift restrictions on their webOS operating system and might allow other companies to use it. He said: "We're not announcing anything today and our model is not to be a licensing business but clearly there is tremendous strength in being able to build entire ecosystems to deliver a unified experience. I think that we'd be more than willing to partner with one or two special companies. Somebody who brings value to the ecosystem." Rubenstein also commented on the strength of webOS and that they... (Keep reading..) |