HP Bows Out Of Tablet Wars, Plans To Discontinue TouchPad And webOS Phone Products

Source: CBS News Sounding a startling retreat from the consumer business, Hewlett-Packard announced on Thursday its intention to explore "strategic alternatives" for its PC unit while discontinuing its TouchPad and webOS phone products. The company also reduced its financial outlook for the next two quarters. In a statement, the company said it would also be discussing the rumored acquisition of the UK-based software company Autonomy on its conference call after the close of trading. HP had little to say about [...]