CM9 on HP Touchpad sneakpeek

The team is working hard to bring the shiny onto a device near you.

This is just a glimpse of what's to come. Please be patient

HP to Contribute webOS to Open Source

HP to enable creativity of the community to accelerate the next-generation web-centric platform

HP announced it will contribute the webOS software to the open source community.

HP plans to continue to be active in the development and support of webOS. By combining the innovative webOS platform with the development power of the open source community, there is the opportunity to significantly improve applications and web services for the next generation of devices.

webOS offers a number of benefits to the entire ecosystem of web applications. For developers, applications can be easily built using standard web technologies. In addition, its single integrated stack offers multiplatform portability. For device manufacturers, it provides a single web-centric platform to run across multiple devices. As a result, the end user benefits from a fast, immersive user experience.

“webOS is the only platform designed from the ground up to be mobile, cloud-connected and scalable,” said Meg Whitman, HP president and chief executive officer. “By contributing this innovation, HP unleashes the creativity of the open source community to advance a new generation of applications and devices.”

HP will make the underlying code of webOS available under an open source license. Developers, partners, HP engineers and other hardware manufacturers can deliver ongoing enhancements and new versions into the marketplace.

HP will engage the open source community to help define the charter of the open source project under a set of operating principles:

The goal of the project is to accelerate the open development of the webOS platform
HP will be an active participant and investor in the project
Good, transparent and inclusive governance to avoid fragmentation
Software will be provided as a pure open source project
HP also will contribute ENYO, the application framework for webOS, to the community in the near future along with a plan for the remaining components of the user space.

Beginning today, developers and customers are invited to provide input and suggestions at http://developer.palm.com/blog/.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

webOS 3.0.5 to bring the bug fixes

It hasn’t even been two months since webOS 3.0.4 was released, bringing bug fixes, massive speed improvements, and a new camera app to the TouchPad mix. Now we’re hearing that webOS 3.0.5 is right around the corner, being that Release Candidate 1 of the updated OS has been released in the Early Access Program.
Like 3.0.4 and 3.0.2 before it, 3.0.5 is focused on fixing bugs in webOS and making small improvements. Included is a new “sensor API” for PDK applications, support for SDL hybrid apps to utilize both cores of the TouchPad processor, and a bug fix for hanging WebSQL calls (affecting some Enyo apps like Paper Mache). Also present in webOS 3.0.5 will be support for HTML5 video in all screen orientations, double space for a period, low disk space download alerts, and the incorporation of a homebrew patch to enable support for binary data in the Bluetooth SPP service.

Like we said, bug fixes and not much else. Seeing as webOS 3.0.5 is currently sitting at RC1, HP has ironed out the intended issues for this release and is giving it one last round of testing before release. We wouldn’t be surprised if we see webOS 3.0.5 getting pushed out to TouchPad owners the globe over by the end of the month.

source

HP has returned to being able to sell webOS

The acquisition of the operating system webOS Palm with company did not get a good management decision to call Hewlett-Packard. Moreover, the operating system webOS not too successful, and within the company Palm - models came out quite a bit with the task to save the company, the developer is unable to cope. Not too long as it copes with perfecting invested in the acquisition of Palm 1,2 billion - smartphones are produced and sold in very small quantities, but only one plate was removed from the market just a month after launch. Sales of HP Touchpad headway only when they started to sell for less than $ 100. However, since HP had to change the executive director and the company began to reorganize the revision of priorities. Even there was a proposal to sell the business of manufacturing computer hardware, but later this idea was still rejected. Now, on these Reuters news agency guidance HP is considering the possibility of selling the operating system, webOS. According to some, it can be sold for several hundred million dollars. Among the possible buyers of the company called Oracle. Development costs of the operating system inside HP is clearly not possible to calculate a profit in the foreseeable future, and the sale could offset some of the costs incurred in acquiring Palm. At the same time, the question remains open to the fact that webOS is associated with a number of patents that affect other devices, except for smartphones. According to an anonymous source Reuters, the idea of selling the operating system was not born inside HP, and it was advised by representatives of Bank of America, while in the company of the owner considered the possibility of a simple termination of the OS.

HP Palm Pre 3 in the United States will not, but in Europe it will discount

After Hewlett-Packard Company reported that operating system webOS will no longer be used in its smartphones, thereby completely burying the legacy of the creators of "PDA" of Palm was followed by other steps to eliminate this "heritage". First of all it was a huge discount to the tablet TouchPad, which was immediately sold for $ 99 apiece. In Europe it is currently sold at the old price and officially on DISKONT not reported. But it is obvious that this situation will not last long. But with a smartphone HP Palm Pre 3 decided to do otherwise. In the U.S., this device does not appear on the market. All smart phones produced will be sent to Europe, where its price will be reduced to $ 99. It is expected soon on the markets of France, Germany and Britain, where the equivalent cost ceeve apparatus without binding to a specific operator. It is also worth noting that other companies were quick to take advantage of the inevitable fluctuations loyal to webOS programmers. Microsoft has offered software developers under this OS upgrade to Windows Phone on favorable terms. Programmers offers free development tools, and smart phones with this operating system, and various trainings and seminars. Same steps to rid the warehouse of devices webOS can be continued. Next in line HP Veer, if this unit will not be completely canceled or redirected to any single market.

HP Pre 3 Cancelled in U.S., Will Sell for $75 In Europe

The $99 HP TouchPad isn't the only amazing deal coming out of HP's fire sale on WebOS devices. The unlocked HP Pre 3 smartphone will go on sale "shortly" in both France and the U.K. for a mere $75 unlocked, according to HP.

As of this writing, the Pre 3 costs 349 euros ($505) in France and 299 pounds ($490) in the U.K., making the $75 sale a dramatic drop.

The phone is already sold out in Germany, HP said.

The Pre 3 was to be the latest flagship webOS smartphone from HP, a sliding phone with a similar form factor to the existing Pre and Pre 2. Introduced at the same time as the TouchPad, it features the largest keyboard of any of the Pre line.

It includes a 3.6-inch, 480x800 display that is 2.5x the resolution of the Pre. The 5-megapixel camera includes image stabilization, autofocus, and LED flash; there is also a forward-facing camera for video calling. The Pre 3 runs on a 1.4GHz Qualcomm processor.

The phone will not go on sale in the U.S. at all, HP said. But the unlocked device will work to some extent on AT&T's and T-Mobile's networks. The Pre 3 can hit both carriers' 2.5G EDGE networks. For 3G bands, though, it has 900, 1900, and 2100 Mhz. AT&T users need 850 and 1900 for full coverage, so they'll get limited 3G. T-Mobile users need 1700 Mhz, so they'll be stuck on EDGE.

HP said they'll send along a link when the Pre 3 sale goes live.



source

HP Talks Pre 3 Launch, Veer Software Updates, & webOS on Windows

It's hardly surprising that, following HP's news last week that it would discontinue manufacturing webOS hardware, plenty of folks started reacting like rats on a sinking ship; we just saw retailers over the weekend price down TouchPad tablets to the point where they were practically giving them away. While there's a good chance we'll never see another webOS smartphone or tablet, there's still some future left for the platform, with the company announcing its intent to continue supporting webOS smartphones with software updates, to give the Pre 3 a limited release, and to bring the operating system to some much different hardware.



HP's Stephen DeWitt revealed that updates will continue to arrive for both the Veer and the TouchPad. He didn't comment on earlier devices like the Pre 2, though, which could spell bad news for owners of those models. DeWitt didn't share any specific plans for future updates or what they might include, but simply that they're coming.



Pre 3 sales will continue as the smartphone is released in "very selective areas". For the moment, that doesn't look like it will include the US. The Veer will supposedly stay up for sale for the time being, but it might not be long before we see TouchPad-like sales designed to get rid of remaining stocks.



What does the future hold for webOS, then, if we're looking at very limited retail sales and support for existing smartphone models? HP says "printers and PCs". Look for a Windows-based webOS interpreter, maybe bringing its apps to the desktop, as well as printers incorporating the platform, presumably as some sort of touchscreen interface. There's no word on when either project should be ready to go.



source

HP Reports Third Quarter 2011 Results and Initiates Company Transformation

Earnings highlights:

Third quarter net revenue of $31.2 billion, up 1% from the prior year quarter and down 2% when adjusted for the effects of currency

Third quarter GAAP diluted earnings per share up 24% with non-GAAP diluted earnings per share up 2% and cash flow from operations of $3.2 billion

Revising full year FY11 revenue estimates to $127.2 billion to $127.6 billion

Revising full year FY11 GAAP diluted earnings per share outlook down to between $3.59 and $3.70 and non-GAAP diluted earnings per share outlook down to between $4.82 and $4.86

Exploring strategic alternatives for Personal Systems Group; shutting down operations for webOS devices and exploring strategic alternatives for webOS software

Offer to acquire Autonomy, a global leader in infrastructure software for the enterprise, to accelerate expansion in rapidly growing enterprise information management market



PALO ALTO, Calif., Aug 18, 2011 (BUSINESS WIRE) --



HP (NYSE:HPQ) today announced financial results for its third fiscal quarter ended July 31, 2011, as well as the commencement of a company transformation described in detail in separate press releases issued today.



HP unveiled the details of a plan to accelerate the strategy introduced in March. The plan introduced today will:



Move HP into higher value, higher margin growth categories

Sharpen HP's focus on its strategic priorities of cloud, solutions and software with an emphasis on enterprise, commercial and government markets

Increase investment in innovation to drive differentiation

As part of the transformation, HP announced that its board of directors has authorized the exploration of strategic alternatives for the company's Personal Systems Group. HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction. (See accompanying press release.)



HP will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. The devices have not met internal milestones and financial targets. HP will continue to explore options to optimize the value of webOS software going forward.



In addition, HP announced the terms of a recommended transaction for all of the outstanding shares of Autonomy Corporation plc for £25.50 ($42.11) per share in cash. Autonomy's software powers a full spectrum of mission-critical enterprise applications, including pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis. The addition of Autonomy will accelerate HP's ability to deliver on its strategy to offer cloud-based solutions and software that best addresses the changing needs of businesses. (See accompanying press release.)



"We're focused on improving performance across the business," said Léo Apotheker, HP president and chief executive officer. "HP is taking bold, transformative steps to position the company as a leader in the evolving information economy. Today's announced plan will allow HP to drive creation of long-term shareholder value through a focus on fewer fronts, thereby improving its ability to execute, invest in innovation and drive a higher-margin business mix."



Earnings highlights



For the quarter, net revenue of $31.2 billion was up 1% from the prior-year period as reported and down 2% when adjusted for the effects of currency.



GAAP diluted earnings per share (EPS) was $0.93, up 24% from $0.75 in the prior-year period. Non-GAAP diluted EPS was $1.10, up 2% from $1.08 in the prior-year period. Non-GAAP financial information excludes after-tax costs of approximately $0.17 per share and $0.33 per share in the third quarter of fiscal 2011 and 2010, respectively, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges. Information about HP's use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below.



Q3 FY11 Q3 FY10 Y/Y

Net revenue ($B) $31.2 $30.7 1%

GAAP operating margin 8.1% 7.6% 0.5 pts

GAAP net earnings ($B) $1.9 $1.8 9%

GAAP diluted EPS $0.93 $0.75 24%

Non-GAAP operating margin 9.8% 11.2% (1.4) pts

Non-GAAP net earnings ($B) $2.3 $2.6

(11.4%)

Non-GAAP diluted EPS $1.10 $1.08 2%

"Our outlook reflects the challenges that we face across our businesses," said Cathie Lesjak, HP executive vice president and chief financial officer. "Dealing with these challenges will take time, but HP will navigate through the transformation to become a more focused, streamlined company."



Trends and regional performance



HP's Commercial businesses remain healthy with 5% revenue growth year over year. HP's Consumer businesses, within PSG and IPG, were collectively down 15% year over year.



Third quarter revenue was flat year over year in the Americas as well as in Europe, the Middle East and Africa at $14.1 billion and $11.0 billion, respectively. Revenue in Asia Pacific was $6.1 billion, representing a 9% increase year over year. When adjusted for the effects of currency, revenue was down 2% in the Americas, down 5% in Europe, the Middle East and Africa and up 1% in Asia Pacific. Revenue from outside of the United States in the third quarter accounted for 65% of total HP revenue. BRIC countries (Brazil, Russia, India and China) generated revenue of $3.7 billion, up 12% over the year-ago period, accounting for 12% of total HP revenue.



Business group highlights



Services revenue grew 4% year over year with a 13.5% operating margin. HP also announced the appointment of John Visentin as the new executive vice president for Enterprise Services reporting to Apotheker.

Enterprise Servers, Storage and Networking (ESSN)revenue grew 7% year over year with a 13.0% operating margin. Networking was up 15%, Industry Standard Servers was up 9%, Business Critical Systems was down 9%, and HP Storage was up 8%. 3PAR revenue accelerated, with triple-digit year-over-year growth operationally.

HP Software revenue grew 20% year over year with a 19.4% operating margin. HP Software revenue was driven by strong growth in licenses and services of 29% and 30%, respectively.

Personal Systems Group (PSG) revenue declined 3% year over year with a 5.9% operating margin. PSG remains the PC market leader in terms of units, revenue and profit share. Commercial Client revenue grew 9% and Consumer Client revenue declined 17%.

Imaging and Printing Group (IPG) revenue declined 1% year over year with a 14.7% operating margin. Commercial revenue was down 7% year over year with commercial printer hardware units up 1%. Consumer printer hardware revenue was up 1% year over year on 7% unit growth. IPG continued to drive innovation and momentum with digital presses and web-connected printers.

Financial Services revenue grew 22% year over year with a 9.4% operating margin. Financial Services continued to see its strong performance driven by both double-digit growth in lease volume and a healthy improvement in portfolio assets.

Asset management



HP generated $3.2 billion in cash flow from operations in the third quarter. Inventory ended the quarter at $7.4 billion, with days of inventory flat year over year at 28 days. Accounts receivable of $18.1 billion was up 6 days year over year at 52 days. Accounts payable ended the quarter at $14.5 billion, down 3 days from the prior-year period. HP's dividend payment of $0.12 per share in the third quarter resulted in cash usage of $248 million. HP also utilized $4.6 billion of cash during the quarter to repurchase approximately 128 million shares of common stock in the open market. HP exited the quarter with $13.0 billion in gross cash.



Outlook



For the fourth quarter of fiscal 2011, HP estimates revenue of approximately $32.1 billion to $32.5 billion, GAAP diluted EPS of approximately $0.44 to $0.55, and non-GAAP diluted EPS of approximately $1.12 to $1.16.



Fourth quarter fiscal 2011 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.61 to $0.68 per share, related primarily to restructuring and shutdown costs associated with webOS devices, the amortization and impairment of purchased intangibles, restructuring charges and acquisition-related charges.



HP expects full year fiscal 2011 revenue in the range $127.2 billion to $127.6 billion, GAAP diluted EPS of $3.59 to $3.70, and non-GAAP diluted EPS of $4.82 to $4.86.



Full year fiscal 2011 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $1.16 to $1.23 per share, related primarily to restructuring and shutdown costs associated with webOS devices, the amortization and impairment of purchased intangibles, restructuring charges and acquisition-related charges.



More information on HP's quarterly earnings, including additional financial analysis and an earnings overview presentation, is available on HP's Investor Relations website at www.hp.com/investor/home.



HP's Q3 FY11 earnings conference call is accessible via an audio webcast at www.hp.com/investor/2011q3webcast.



About HP



HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.



Use of non-GAAP financial information



To supplement HP's consolidated condensed financial statements presented on a GAAP basis, HP provides non-GAAP operating profit, non-GAAP operating margin, non-GAAP net earnings, non-GAAP diluted earnings per share and gross cash. HP also provides forecasts of non-GAAP diluted earnings per share. A reconciliation of the adjustments to GAAP results for this quarter and prior periods is included in the tables below. In addition, an explanation of the ways in which HP management uses these non-GAAP measures to evaluate its business, the substance behind HP management's decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which HP management compensates for those limitations, and the substantive reasons why HP management believes that these non-GAAP measures provide useful information to investors is included under "Use of Non-GAAP Financial Measures" after the tables below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for operating profit, operating margin, net earnings, diluted earnings per share, or cash and cash equivalents prepared in accordance with GAAP.