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HP Wields WebOS Against Apple

Stocks in this article: HPQ AAPL GOOG MOT QCOM ADBE DELL

PALO ALTO, Calif. ( TheStreet) -- Verizon (VZ) and Apple (AAPL - Get Report) were not the only companies making waves in the mobile device market last week. HP (HPQ - Get Report) showed off a slew of new devices at a launch event in San Francisco, upping the ante in its battle with heavily entrenched rivals such as Motorola (MMI) and Apple.

HP's event marked the eagerly-awaited debut of its TouchPad tablet, which runs WebOS software from the company's $1.2 billion Palm acquisition. The tech giant also unveiled two WebOS smartphones,, the Pre3 and the Veer.

The stakes for the new WebOS products are extremely high. The tablet market continues to be dominated by Apple's iPad, while HP's pre-Palm attempts to tap the smartphone market barely registered a ripple.

"It's easy to be skeptical as HP enters the tablet market with its own operating system (Palm) and a relatively limited developer community," wrote Jayson Noland, an analyst at Robert W. Baird, in a recent note. "That said, we walked out of HP's webOS launch event incrementally positive on its ability to draw developers, build an ecosystem, and ultimately generate user demand."

Read on for more details on HP's new tablet and smartphone offerings.

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