This Day On The Street
Continue to site
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

HP Touts Slate7 Tablet, Sells WebOS (Update 1)

Updated from 11:39 a.m. EST to provide further context on WebOS deal in the eight and ninth paragraphs.

NEW YORK ( TheStreet) -- Hot on the heels of its better-than-expected fourth-quarter results last week, HP (HPQ - Get Report) had another surprise for consumers over the weekend; a Google (GOOG - Get Report) Android tablet.

HP announced its return to the consumer tablet market on Sunday, unveiling the 7-inch Slate7. HP had previously offered a tablet running on the WebOS operating system it acquired from Palm. The HP TouchPad, however, was scrapped thanks to its inability to compete with Apple's (AAPL) iPad, although the device can still be found on sites such as eBay (EBAY) and Amazon (AMZN - Get Report).

The Slate7, which weighs 13 ounces, will offer Beats Audio and access to a multitude of Google's properties, including Google Now, Google Search, Gmail, YouTube, Google Drive and Google+ Hangouts. It will also use the Google Play app store.

HP Investors Heave Sigh of Relief, but Challenges Remain

While HP already has the enterprise-focused ElitePad running Windows 8, the Slate7 is a sign that the tech giant's continuing to move away from Microsoft. HP recently unveiled its first Chromebook, a laptop running Google's Chrome operating system.

Perhaps this is a direct result of Microsoft competing against its OEM (original equipment manufacturer) partners, including HP, Dell (DELL) and others, with the launch of the Surface tablet.

The HP Slate7 will run on an ARM Holdings (ARMH) Dual Core Cortex-A9 1.6-GHz processor, and offer integrated wireless right into the tablet. It will also come with a 3-megapixel camera on the back and a VGA camera for pictures and video. The HP Slate7 will be on shelves in April, starting at $169.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $526.03 -1.01%
ARMH $46.68 0.95%
GOOG $628.00 0.12%
HPQ $30.27 0.07%
MSFT $45.34 -0.02%

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs