HP announces its TouchPad and WeboS failure

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

HP announces its TouchPad and WeboS failure

HP has announced that the death of the TouchPad tablet and the uncertain future of WebOS can represent big issues for them, but partners may also be affected by the fallout. In its first major push into mobile in years, HP launched its TouchPad tablet in June. The tablet runs the Webos mobile operating system.

Leo Apotheker, CEO, HP, said that the options for WebOS remained open. We were successful at launching software that was poised with a differentiated user experience. We know that many developers feel the operating system is elegantly designed and is a respected platform. Therefore, we are exploring options for how best to optimize the value of Webos software going forward.

Cathie Lesjak, CFO, HP, in HP's fiscal third-quarter earnings call, said that HP has failed to reach its goal of turning WebOS into the number two player in the market behind Apple's iOS. Essentially, the TouchPad and our WebOS phone have not met our financial targets and other milestones that were set. To make this investment a financial success would require significant investments over the next one to two years, creating risk without clear returns. Therefore, we have decided to shut down operations around WebOS devices and we will be exploring strategic alternatives to optimize the value of the software platform and development capability.

HP's TouchPad tablet arrived DOA, despite an extensive TV ad campaign that features actor and comedian Russell Brand and Glee star Leah Michele. Chris Barnes, Vice-President, Research and Solutions Development, Gap Intelligence, a San Diego-based research firm that follows HP, wonders if the HP brass really believed the WebOS talking points also said that WebOS was such a linchpin of the company's overarching strategy; it was the virtual glue that tied together phones, PCs, tablets, printers," Barnes said. "It really makes you wonder whether HP's senior leadership ever really believed its own story about developing its own self-supporting ecosystem vis-a-vis Apple. [It] sounds more like they were dishing out the Kool-Aid but secretly drinking iced tea.


For More Details See

www.varindia.com

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more