Welcome back, webOS rumors. It's been a little while since last we spoke. How's life treating you? I know the breakup was a little rough on you, but on the bright side you're still alive, for now. Is Hewlett-Packard
Britain's The Guardian had previously claimed that the company was looking to outright dispatch the division if it couldn't find a buyer. Such a sacrifice would have resulted in the cutting of roughly 500 jobs, with one employee pegging the chances at 95% and actually feeling it was for the best. The report was a follow-up to HP's decision to go ahead and keep its PC business. The head of HP's Personal Systems Group, Todd Bradley, had then come out and shot down the closure idea, calling it an "unfounded rumor."
The latest tidbit now emerging from an exclusive Reuters report is that HP is still looking to sell -- not kill -- the division. According to the report, HP has tapped Bank of America's
"Sources" say a handful of tech powerhouses are interested in the patents that would come packaged with the deal, with possible suitors including Amazon.com
Two of the mentioned candidates have some interesting additional context to explore. Palm ex-CEO and longtime webOS champion Jon Rubinstein sits on Amazon's board, so any talk with Amazon would surely include Rubinstein at the table gunning for a family reunion. HP ex-CEO Mark Hurd moseyed on over to Oracle after his high-profile ouster, and you may recall that it was his choice to pick up Palm in the first place, back when HP was his ship to command.
Though the saga of webOS isn't quite over yet, there is one inescapable fact: HP is going to take a beating on this trade.
- Add Hewlett-Packard to your Watchlist to see what company ends up picking up webOS.
Fool contributor Evan Niu owns shares of Amazon.com, but he holds no other position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of Intel, IBM, Bank of America, and Oracle and has bought calls on Intel. Motley Fool newsletter services have recommended buying shares of Amazon.com and Intel and creating a bull call spread position in Intel. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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