From HP’s press release:
HP will consider a broad range of options that may include, among others, a full or partial separation of [Personal Systems Group] from HP through a spin-off or other transaction.
In addition, HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward.
This is sad news. I really wish HP would have given WebOS devices a chance. Unfortunately, that wasn’t the case. My only hope is that HP sells WebOS to a company that will continue to develop it or that HP will decide to license WebOS to tablet and smartphone manufacturers.