HP said Thursday that it will discontinue its WebOS operations as the company cut its outlook for the next two quarters.
The company said it will discontinue operations for WebOS devices, specifically the TouchPad and WebOS phones. And that WebOS unit will cost HP some dough to discontinue. HP will also spin off its PC unit.
HP said that it will take a hit to fiscal 2011 earnings of $1.16 a share to $1.23 a share as it restructures and shuts down WebOS devices and related operations. There were signs that TouchPad sales were bleak, but a complete shutdown of WebOS operations was unexpected.