Hewlett-Packard’s (HPQ) first attempts at the mobile market didn’t fare well. CEO Meg Whitman revealed in an interview with Fox Business News, however, that the company will have to “ultimately” offer another smartphone. Whitman gave no timetable on the device, although she noted that HP must “get it right” this time around and cannot rush things. The CEO also openly admitted that the company was not interested in buying or licensing the BlackBerry platform from Research in Motion (RIMM), noting that it was not the direction it was going to head. HP purchased Palm for $1.2 billion in April 2010 in the hopes of entering the smartphone market. The acquisition turned out be a disaster and after a number of failed products, HP killed off its webOS platform in August 2011, only to open-source the operating system the following December.
[Via Dow Jones Newswire]
- Investment & Company Information
- Meg Whitman