Palm, Hp | featured news

Hewlett Packard donates its mobile system software, WebOS, to the open source community and says it will continue to invest in the project. The tech company acquired the software when it bought the smartphone maker Palm for $1.2bn (£767m) last year. HP used the code to power its short-lived range Touchpad tablet computers before it abandoned the product line.

Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said.

Hewlett-Packard showed the fruits of its acquisition of Palm on Wednesday. The technology giant demonstrated a new tablet device and two new smartphones, as well as disclosing plans to bring its webOS software to computers and printers.

Hewlett-Packard has agreed to buy struggling smart-phone maker Palm for nearly $1 billion in cash. HP said Palm's webOS operating system will help it compete in the smart-phone market.