HP may decide fate of webOS tonight

HP is reportedly holding a meeting Tuesday night during which it may decide the fate of its webOS mobile platform, The Verge reported on Tuesday. The meeting will take place after the market closes and will be led by CEO Meg Whitman at 4:30 p.m. PST. According to Reuters, HP has been toying with the idea of selling the unit and possible suitors include Amazon, Intel, Oracle, Research In Motion and IBM. The potential sale will likely fetch far less than the $1.2 billion that HP paid to acquire Palm in 2010. HP originally said it was killing off webOS hardware in August, and recent reports have suggested HP will soon put the final nail in the webOS coffin and subsequently lay off 500 webOS employees. 

Read [The Verge] Read [Reuters]

Tags: amazon, HP, IBM, intel, Meg Whitman, Oracle, Research in Motion, sale, webOS