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Drastic HP Pivot: Axes TouchPad, Acquires $10B Autonomy Software, May Spin Off PC Business

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Only a month on the market, and the device that HP said would give Android and Apple a run for its money is already finished. Rumors were confirmed today that HP will discontinue its TouchPad tablet as well its WebOS phones. Reports indicate the company plans to instead focus on software and services, while distancing itself from hardware--HP may spin off its personal-computer business and acquire enterprise software company Autonomy for $10 billion.

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