HP may decide fate of webOS this week

Ever since HP announced back in August that it was discontinuing WebOS hardware, the platform has been left hanging with an uncertain future. However, new rumors have surfaced that the company could decide the fate of WebOS sometime this week. According to people familiar with the situation, HP is set to hold an all-hands meeting tomorrow to finally iron things out.

HP obtained the WebOS platform through the acquisition of Palm for $1.2 billion last year. But now that HP is clearly not interested in further investing the capital needed to make WebOS competitive with Apple's iOS, Google's Android, RIM's BlackBerry OS, and Microsoft's Windows Phone 7, it would have to decide whether to sell, spinoff, or license the platform.

It's believed that HP has already finished the initial bidding process for its WebOS unit and that the all-hands meeting tomorrow will determine which path to follow, be it selling or spinning off the unit. So far, it's looking more likely that HP will opt to sell the platform. Amazon has recently been rumored to be a top contender, but neither company has commented on the reports and Amazon also just launched the Kindle Fire with a customized Android build.

[via AppleInsider]