WebOS write-off costs HP $3.3B

In today's earning call from HP, the world has learned that HP has spent $3.3 Billion to write off things related to Palm and WebOS. This comes less than two years after HP spent $1.2 Billion to acquire Palm in the first place. Overall, this probably put the losses related to Palm a bit over $5B.Obviously, it was a risky move from the beginning as Palm was clearly not a market leader and HP's new CEO Meg Whitman said that from now on, HP will make “prudent investments”, but stopped short of providing any details to illustrate this remark.

Ubergizmo, WebOS write-off costs HP $3.3B