HP’s stock reacts to yesterday’s announcements by dropping 26%

By Mike Dunn August 19, 2011

It has been an exciting two days for HP. First it announced it was stopping production of webOS hardware, and then said that it wanted to separate its consumer PC division. Today there was a drastic reaction to the announcements, the company’s stock plummeted 26 percent. At the close of market HP’s stock fell $5.91 down to $23.60.

With the purchase of enterprise software company Autonomy for $10.2 billion dollars HP is betting on software for the future of the company. HP’s hope is to get out of the low profit margins of making computers, and focus on the high profit margins of making software. Problem is it doesn’t really make software right now, and wants to operate Autonomy as a separate company.

This is the lowest HP’s stock has been since August 2005, months after Carly Fiorina was ousted as CEO. So clearly investors don’t have much faith in the direction that HP wants to go in the coming years. You can’t blame investors for being worried, when it seems as though HP isn’t even sure of its plans. It is already back pedaling from its webOS announcement, but is it too little too late?

The future of HP is very unclear for the time being, but you can bet we will be keeping a close eye on them. One possible bright spot from all this news is that if HP is planning on being a software company maybe they will keep webOS alive. Just because it isn’t planning on selling any future webOS hardware going forward that does not rule out licensing out the webOS software to others.

Topics

Mobile

Former Digital Trends Contributor

Mike graduated from University of Arizona with a degree in poetry, and made his big break by writing love sonnets to the…

Computing

Get this Asus laptop with a year of Microsoft Office for $199

asus vivobook go laptop deal amazon march 2024 lifestyle

You don't need to spend several hundreds of dollars on a new laptop that you'll use as a productivity tool because there are budget-friendly options like the Asus Vivobook Go L510MA. It's actually currently even cheaper from Walmart after an $80 discount, which brings its price down to just $199 from $279 originally. There's no telling how much time is remaining before the offer expires though, so if you want to take advantage of it, you're going to have to proceed with the purchase as soon as possible.

Why you should buy the Asus Vivobook Go L510MA
For a laptop that will be able to handle basic activities like doing online research, building reports, and browsing social media, you can't go wrong with the Asus Vivobook Go L510MA. It's equipped with the Intel Pentium Silver N5030 processor and 4GB of RAM, which are a far cry from the specifications of the best laptops, but it will be enough for simple tasks. The device also comes with a 15.6-inch screen with Full HD resolution, which is pretty large and sharp for its price, but it's still portable as it only weights about 3.5 pounds with a thickness of just 0.72 of an inch.

Computing

These are the 10 best gaming PCs I’d recommend to anyone

Graphics card in the CLX Hathor PC.

We review dozens of gaming PCs each year. In 2024, there are a ton of great options, but we've narrowed them down to a list of the 10 best gaming desktops that deserve your hard-earned money.

In 2024, we still recommend the Alienware Aurora R16 because of its fantastic design, solid performance, and decent value. However, there are several other options depending on your needs and budget. If you want a deeper look into how we evaluate gaming PCs, make sure to read about how we review desktops.

Computing

Samsung’s crazy 57-inch curved 4K monitor is $700 off today

The Samsung Odyssey Neo G9 57-inch mini-LED gaming monitor placed on a desk.

Your investment in gaming PC deals will go to waste if you don't upgrade your screen, and if you're willing to splurge for the best possible gaming experience, you'll want to go for the 57-inch Samsung Odyssey Neo G9 curved gaming monitor. It's pretty expensive at its original price of $2,500, so you're going to want to take advantage of any discounts that are available. Fortunately, Samsung has slashed its price by $700 so it's down to $1,800 -- it's still not cheap, but once you're playing your favorite games on this monitor, you'll quickly understand why it's worth every single penny.

Why you should buy the 57-inch Samsung Odyssey Neo G9 curved gaming monitor
The Samsung Odyssey Neo G9 curved gaming monitor features a 57-inch screen with dual 4K Ultra HD resolution and a 1000R curvature, so it will fully immerse you in the worlds of the video games that you play with its lifelike details and vivid colors. It also supports HDR 1000 for better visual accuracy, and it uses Quantum Matrix technology for controlled brightness and improved contrast.