Photo: Jon Snyder/Wired.com. HP was ready to go to the mattresses in an all-out mobile war against Apple. Instead, HP's TouchPad was prematurely put to sleep, and the company is still nursing its wounds.
In its quarterly earnings report conference call on Monday, HP stated it wrote off approximately $3.3 billion in 2011 fiscal year costs due to “the wind down of HP's WebOS device business.”
That $3.3 billion figure is 2.5 times the amount the company originally paid to acquire Palm in the first place.
Gadget Lab, What HP's Big Bet on WebOS Cost the Company
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