The big news out of today is Hewlett-Packard will be restructuring "to shut down its tablet and smartphone operations", just weeks after launching their new 4G TouchPad Tablet. The news is somewhat shocking considering HP just last year bought Palm for $1.2 billion and commercials are still running on TV showcasing the TouchPad. HP appears to also be spinning off their PC division in an effort to focus more on what drives the company's revenue; Servers, Services and Printers. Last year CISCO also abandoned their consumer product line Flip Cam less than two years after acquiring the company. The HP and CISCO moves are a black eye for upper management and an overall poor judgment of how not to enter consumer markets.
Full Report coming out of the WSJ