Big discount – HP’s 16GB TouchPad on sale for $99

PreCentral reports that HP sent out a memo to its affiliates asking them to cut the price of the ill-fated TouchPad to $99 and $149 for the 16GB and 32GB editions, respectively. The date apparently put forward by HP is August 20th, but at least two Canadian retailers (Best Buy and Future Shop) have already made the cut — though both outlets show the sale ending August 22nd.

HP will lose $100 million. Including Best Buy, that had complained for too many products backlogged. refused to pay the expense of the unsold TouchPad.

HP on Thursday (August 18) announced that it would stop last year’s acquisition obtained webOs Palm smart phones and tablet business. HP is also considering stripping the business with big yield while low profit margins in the PC business to focus on software and services.

Canceling TouchPad business is seen as a major victory for Apple and iPad. Some experts reiterated their view: Tablet market is really just iPad.

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