HP press release follows, verbatim:
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.
HP today announced preliminary results for the third fiscal quarter 2011, with revenue of $31.2 billion compared with $30.7 billion one year ago.
In the third quarter, preliminary GAAP diluted earnings per share (EPS) was $0.93 and non-GAAP diluted EPS was $1.10, compared with third quarter fiscal 2010 GAAP diluted EPS of $0.75 and non-GAAP diluted EPS of $1.08. Non-GAAP diluted EPS estimates exclude after-tax costs related primarily to the amortization of purchased intangible assets of approximately $0.17 per share and $0.33 per share in the third quarter of fiscal 2011 and fiscal 2010, respectively.
For the fourth fiscal quarter of 2011, HP estimates revenue of approximately $32.1 billion to $32.5 billion, GAAP diluted EPS in the range of $0.44 to $0.55, and non-GAAP diluted EPS in the range of $1.12 to $1.16. Non-GAAP diluted EPS guidance excludes after-tax costs of approximately $0.61 to $0.68 per share, related primarily to restructuring and shutdown costs associated with webOS devices, the amortization and impairment of purchased intangibles, restructuring charges and acquisition-related charges.
HP estimates full-year FY11 revenue will be approximately $127.2 billion to $127.6 billion, down from its previous estimate of $129 billion to $130 billion. FY11 GAAP diluted EPS is expected to be in the range of $3.59 to $3.70, down from its previous estimate of at least $4.27, and FY11 non-GAAP diluted EPS is expected to be in the range of $4.82 to $4.86, down from its previous estimate of at least $5.00. FY11 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $1.16 to 1.23 per share, related primarily to restructuring and shutdown costs associated with webOS devices, the amortization and impairment of purchased intangibles, restructuring charges and acquisition-related charges.
HP will host a conference call with the financial community today at 2 p.m. PT / 5 p.m. ET to discuss these announcements well as HP’s third quarter 2011 financial results. The call is accessible via an audio webcast at www.hp.com/investor/2011q3webcast.
Source: HP
MacDailyNews Take: Splat! And, just like that, Ruby’s folly comes to an end. Buh-bye, webOS.
And, yup, we told you so, years ago:
“In our opinion, there isn’t room, nor is there a need for Palm in a market already crammed full of iPhone wannabes, to say nothing of the iPhone itself. There are more than enough pretend iPhones, thanks. Plus, developers have far too much on their plates already (iPhone, Android, BlackBerry, Symbian, etc.).” MacDailyNews Take, January 9, 2009
Bloodbath.
Related articles:
Unhappy Best Buy wants HP to take back non-selling TouchPads – August 17, 2011
As Apple iPads sell like hotcakes, mountains of unsold tablets pile up in channel – August 15, 2011
People don’t want fake iPads, they want real Apple iPads; HP slashes TouchPad dud by 20% – August 12, 2011
HP TouchPad hits Australia with a resounding ‘meh’ – July 27, 2011
HP bumps Rubinstein from webOS lead after TouchPad launch failure – July 11, 2011
Rubinstein addresses poor HP TouchPad reviews, compares webOS to Apple’s early Mac OS X – July 5, 2011
HP fiddles while Apple innovates – July 10, 2011
Rubinstein addresses poor HP TouchPad reviews, compares webOS to Apple’s early Mac OS X – July 5, 2011
HP TouchPad simply cannot compete with Apple’s iPad 2 – July 5, 2011
Pogue reviews HP TouchPad: ‘Doesn’t come close’ to Apple’s iPad – June 30, 2011
Mossberg: HP TouchPad ‘simply no match’ for Apple iPad 2 – June 30, 2011
I am thinking that those HP’s PC division employees must be getting their resume in order NOW and prepare to send them to Apple, Google, Facebook…etc!! 🙂
Please. Won’t someone think of the helium.
From their web page, about Web OS.
It’s like having super powers.
Why is webOS the smartest OS ever created? First off, where old systems can only handle one thing at a time, webOS can do all kinds of stuff at once.1 You can email while you’re checking out websites.2 You can text a friend while scrolling through your music.3,4 You can pause your game to answer a call, send a text, then go back to your game. All without closing one thing to open another. And it’s so intuitive you just type and it does the rest.
Dell should buy their new hardware devision. Don’t laugh. Dell could double their market share and profit. They could make it up on volume big time.
Apple should grab WebOS and associated patents ASAP. If only to keep it away from the goog.
If Google gets the WebOS package, all their patent problems are over.