Tuesday, November 22, 2011

Double FacePalm: HP Blew Billions on webOS - John Paczkowski - News - AllThingsD

“Oops”

Hewlett-Packard’s decision to acquire Palm and “double down” on its webOS operating system has so far proven a regrettable and costly mistake. How costly?

HP investors, grab your Mylanta …

HP spent $1.2 billion to buy Palm in 2010. Reporting fourth-quarter earnings Monday, the company said it had been forced to write off a record $3.3 billion, about half of which was “related to the wind down of its webOS device business.”

Double FacePalm: HP Blew Billions on webOS - John Paczkowski - News - AllThingsD

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