Unsold TouchPad stock to cost HP more than $100 million

By on Aug 19, 2011 at 11:50 PM
Business August 19, 2011

During its roller coaster of an earnings call on Thursday evening, Hewlett-Packard confirmed that it will take a huge charge as a result of the TouchPad’s poor sell-through rate at retailers. The company said on its earnings call that the TouchPad would result in a charge of $0.05 per share. With just over 2.07 billion public shares outstanding according to HP’s investor relations website, the total charge will come to more than $103 million. Even more costly, we’re afraid, could be the damage done to HP’s brand image in the eyes of customers who have purchased HP products in recent months. Of course this damage could be limited by the fact that HP might not be in the PC business much longer either, though it is unclear if a spun off PC division would continue to carry some kind of HP branding, or if it would instead opt for something fresh and new (like Compaq, perhaps).

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  • Anonymous

    They’re gonna be sold out by Saturday for pennies on the dollar!  Check out slick deals.  $90 shipped, no kidding.

    • Lilyswift18

      Lol the vawncast of it, everyone new this was comign for hp! They entered the game way too late!I am a 26 years old nurse, young and beautiful. Now I am seeking an older gentle man who can give me real love , so i got a username Annababe2011 on—a’ge’l'es’s'da’te. C óM—it is the first and best club for y’ounger women and older men, or older women and younger men,to int’eract with each other. Maybe you wanna ch’eck it out or tell your friends.

  • SKINNI

    So is there any truth in the Touchpad going to $100 for the 16GB tomorrow?

    • booboolala2000

      already sold out

      • Anonymous

        I considered getting one to use for browsing and streaming video until I read comments from endusers mentioning problems browsing and streaming video. At that point I said to self “Do you REALLY want a hundred dollar device you can’t use even though it’s only a hundred dollars?” and answered “No.”…but I came real close to pulling the trigger prior to that.

      • Chachtastic1

        I just found out about that $100 deal this morning, and of course its sold out. Thanks a lot BGR, Gizmodo for not giving me the heads up!

    • Jagged59

      some still available on barnes and noble website as of 8am monday morning

  • http://www.searingarrow.com AlienSix

    Get them while they are $99. Thats perfect for impulse buy. I mean at that price, perfect for surfing the web

  • Anonymous

    Joshua Topolsky just tweeted that he got the 32GB for $121 shipped.  Insane.  Look for coupon codes.  Kick them while they’re down.

    • http://pulse.yahoo.com/_5JY245KHP4Q5HRS4544JIHYJLQ Jim

      i got one as well for 121.  149.99 minus SAVE30HP  coupon code for $30 off 150.  Had to buy a $6 ream of paper to bring it past 150 lol.  Tax and disposal fee brought it to 141.69 for the 32gb touchpad and a ream of paper out the door.

  • Anonymous

    Never thought I would ever buy one of these after my horrible experience with the Pre, but at this price point I will try in the morning. hopefully they are still in stock

    • Anonymous

      It’s like the netbook you never wanted, but prices makes it taste better.

  • 52eddie

    I’d buy one….. for fifty bucks.

  • Anonymous

    Just picked a 32gb model (and 500 sheets of recycled paper) for $135 shipped.  A bit of a pain to get the cheaper price to show up, but that’s a hell of a price for a tablet

    • http://pulse.yahoo.com/_Q6L2HCBJPNQGFDHT33CQT43OLI Brett

      let me know how you did it

      • Anonymous

        to be honest, I’m not entirely sure.  I signed up for HP academy, since I am actually in school, then after the sign up browsed through to the touchpad(16gb was sold out) and it somehow popped up at 149.  added some paper to get over 150 to use the SAVE30HP coupon and it brought the total down to 135 something.

        There was a ton of clicking around and reloading and chrome incognito thrown in there too, but hopefully just doing that is what worked.

  • http://pulse.yahoo.com/_Q6L2HCBJPNQGFDHT33CQT43OLI Brett

    not one site for $99 that I can find.

  • Joseph Cohen220

    This is actually a brilliant marketing strategy.  Get WebOS in the hands of consumers for a huge loss (though not THAT huge).  Either lose 100 million on hardware or lose $100 million on advertising.  Which has more of a benefit?  With advertising there is no guarantee that users will ever have WebOS in their hands.  With losing money on hardware sales, WebOS has a fair chance.  

    • Anonymous

      Brilliant? They should have done this Playstation3 strategy before announcing they’re shutting it all down. Stupid now.

  • Anonymous

    I’ll buy one for $100

  • Anonymous

    this is very unfortunate for so many people; however, i will be at best buy early.  if no luck, there is an office depot next door and a wally’s world across the street.  i feel like a kid at christmas lol.

  • http://twitter.com/#!/PitoVH787 Pito V.H

    100 is still not good $50 is good

  • booboolala2000

    $99 got one. now its out of stock. lol

  • Anonymous

    I have not found these supposed cheap prices on TouchPads anywhere.  I dare anyone to post the name of the site and link to the site where they bought a TouchPad for under $150 as claimed.  The 16GB seem to be going a little over $300 at the cheapest and the 32GB are over $400.

    • Anonymous

      office depot most likely sold out now, Sams Club sold out online to, Target via Amazon sold them first HP you had to do a work around or Call in to order their was over an hour wait time. By 7am most retailers will have them down. Best Buy is supposedly sending them all back to HP so be careful where u look 

      • Anonymous

        Amazon is listing them at the normal prices in the $300-500 range depending on retailer, including Target.  Office Depot does show the cheap prices but is out of stock.  Sam’s club has them listed on their site at the regular pricing level and shows out of stock as well.  Staple has them listed at the regular prices as well and has them in stock – maybe they will post a sae price tomorrow as office bob is saying.  FutureShop in Canada has them at the cheapest prices but not for on-line sale, only in store, although from a quick check it appears likely that all stores are out of stock as well (plus I am a long way from Canada) and the same appears to be the case for The Source.

        It seems that the only site showing the cheap prices for on-line sales is Office Depot and they are out of stock.  The only places that have them in stock are still asking the regular prices so it looks like if you did not already get one you may be out of luck.

      • Anonymous

        No, they are going down every where today, got mine via Target on Amazon $99 & one for mom from Office depot. Wal Mart and Sams dropped the price but sold out online, but can do store pick up and in stores is selling them. Best Buy is rumored to be sending stock back. Radio Shack is doing it to

    • office bob

      The source, staples, London drugs all sold out in my town. Employees snatcjed em up. I got one 32 for $150. Sale starts tommorow but if you asked you could get it today. Future shop and the source have sale prices listed on web.

  • http://www.facebook.com/people/Authent-Menow/100002889693867 Authent Menow

    Lol the vawncast of it, everyone new this was comign for hp! They entered the game way too late!

  • Anonymous

    Still won’t buy one. $100 or $150 is still major cheddah for me. Now if it they were 7″ models then i’d bite. My Galaxy Tab 7″ is my baby, and i take it everywhere ’cause it’s light and portable enough. Even at $100/150, the heavy and hefty TPad would end up being another browsing-the-web-on-the-toilet-seat toy i never take out of the house. For that purpose, i have other devices.

  • Anonymous

    EBay prices for the TouchPad are still unreal.

  • Anonymous

    BTW – what are these GOOD for? Can they be used as an eReader? How about streaming wireless video? Fast enough for that? What else? How long will the battery charge last if used as such? Is it even WORTH it to spend $100 on this device?

    • Adminisaphaggot

      google

  • Anonymous

    So, does the hp Kinpad qualify to share a page with the MS Kin on the Guinness book of world records for being on the market for 49 days?

  • Anonymous

    I won’t buy hp Failpad unless I can get a MS Kin to TTS the Guinness page they both with be sharing for being on the market for 49 days.

  • Anonymous

    I just wanna see if I can load Windows XP on it

    http://www.total-anon.at.tc

  • Anonymous

    bummed i didn’t get one; all of the stock here in san diego was sold out; i guess i need to get my ass out of bed earlier hahaha.

  • James Richmond

    Everyone wondering where to get one, check out Barnes and Nobles, I just bought mine there 10 minutes ago.

  • http://pulse.yahoo.com/_BUCEVLCXPMFYLDLMZMYDI3JMXI Mindy Weber

    I just paìd $22.85 for an ìPad 2-64GB and my girlfriend loves her her Panasonìc Lumìx GF 1 Camera that we got for $38.78 there arriving tomorrow by UPS. I will never pay such expensive retail prices in stores again. Especially when I also sold a 40 inch LED TV to my boss for $625 which only cost me $62.81 to buy. Here is the website we use to get it all from, CentHûb.côm

  • http://pulse.yahoo.com/_7VEGBZ4WRJFMMSJASYXBDRJCEY marta

    and what about Europe, still at 600 euro???

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