This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

HP Unveils Its First Chromebook

Stocks in this article: HPQ GOOG INTC AAPL MSFT AMZN

NEW YORK ( TheStreet) - Hewlett Packard (HPQ) has made it official. Less than one week after leaking some information its Web site (and then quickly taking it down) , the tech giant has formally announced its first Chromebook - the Pavilion 14.

Chromebooks are lightweight laptop/notebook computers runnin Google's (GOOG) Chrome OS, which is simply a Chrome browser. For the most part, that's it. The underlying operating system is a form of Linux. But, for the end user, all you need to know is that everything you can do on a Chromebook is done via the Chrome browser. Everything.

Need to write an "Office" document? You do so using Google's online office suite. Need to store or share those documents? You do that in Google's Cloud. You can access that cloud from any computer with a Web browser then print it anywhere you need.

There are also thousands of Chrome-based apps for nearly everything else. Everything from games, news and business sites, to photos, music and video. Just like a real computer.

HP's new device has a full-size 14-inch screen (1,366 by 768 pixels), a 1.1 GHZ Intel (INTC) Celeron processor, 2 GB of RAM and 16 GB of flash internal storage, a SD card slot and HDMI port. The device will retail for $329.99 when it goes on sale on Feb. 17.

HP joins the ranks of Samsung and Acer, who've been making Chromebooks for years, as well as Lenovo. Last week Lenovo announced a Chromebook that it will sell to school systems nationwide. The new HP has similar specs to the $199 Acer C7, except for the larger display and battery.

At the moment, Chromebooks are hot - the netbooks of today. Look at the latest ranking from Amazon.com (AMZN) and you'll see the most popular laptop sold on the site is the Samsung Chromebook. It's currently listed as going for more than its $250 suggested retail price.

In questionable economic times, buyers (especially bulk-purchasers such as school systems) look for the best deals. In our tests, we've found that Chromebooks are very capable and very affordable devices for many computer tasks. They're especially affordable when you consider that many popular tablets are selling for $500 to $600, Microsoft's (MSFT) new Windows 8 Surface computers start in that same region (which is why initial sales are slow) and Apple's (AAPL) MacBook Air begins at $1,000.

I'm guessing we'll see more manufacturers - possibly Asus, Dell (DELL), and others - as well as buyers - joining the Chromebook ranks as time goes on

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Gary Krakow is TheStreet's senior technology correspondent.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,078.89 +48.68 0.27%
S&P 500 2,090.58 +8.70 0.42%
NASDAQ 4,799.6290 +26.1570 0.55%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs