Whitman : No New HP Smartphone Coming In 2013

Summary: HP chief executive Meg Whitman, weeks after saying the company has to "offer a smartphone," says one won't be coming any time soon.

HP will not bowl out a new smart phone in buy, said us chief executive Meg Whitman last night at an analyst's day, but the company will gradually provide a system to prevent dropping behind the bend.

Whitman said a few months ago in a Fox Business System appointment that the biggest PC manufacturer by deliveries would "have to provide a smart phone," and suggested that a system may already be in the direction after revealing the company was "working on" getting a smart phone in the marketplace.

When requested at the specialist day on Wed, Whitman recognized that her past feedback had triggered a "stir," and scaly back previously feedback.

"We don't have any programs to present a smart phone in 2013, but we've got to start considering what is our exclusive perform, how do we catch this factor of the individual processing market?" she said, according to reviews. Observing the likelihood of a upcoming smart phone, she said that unable to get into the smart phone industry in the next "five years from now," HP could be "locked out of a large section of the inhabitants in many nations around the globe."

During the discuss, stocks in the company dropped by as much as 13 % to history low stages of $14 a discuss at industry start these days. HP's cost focus on was also reduced $20.50 to $15 by CLSA experts after the amazing drop on the New You are able to Inventory Return last night.

Former HP CEO Léo Apotheker said last season it would offer off the company's Personal Techniques Team, it that creates PC items and webOS-based mobile phones. The processing massive then cut 500 tasks at its webOS department this year following the information.

HP gradually changed the choice, under the new authority of Whitman, maintaining its technology and PCs on the go, but remaining Hand and webOS to fallow in the open-source group.

Last 30 days, Jefferies specialist Chris Misek cautioned that "aggressively attack[ing]" the smart phone and product industry would harm HP's stability linens, dubbing the shift "risky."
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