LOS ANGELES: Following the announcement of dropping the touch pad series in August 18, the company has now decided to give a second line of production to meet the unfulfilled demands of users. Earlier when HP had announced the demise of its touch pad series there was a rush at stores which did have the last pieces available. The decision of the HP management was following the Apple Inc's boom on the tablet market where HP found no space to stand in competition.
The company has also slashed the price of tablets from $399 and $499 to $99 and it is also mentioned that this will be a second line production and they will not be commenting on the quantity of products that will be shared across the market. The company reviewers mention that the tablet does hold parts which might add to a price of $318 and this production line might cost the company too much. The shares of HP had slashed by 20 per cent when the company had announced the halt on production of tablets, this might help the boost but the recent markets have been slow to react on the announcement.
The company had plans to launch WebOS which was dropped later following the stop on production for tablet PC's. The CEO, Leo Apothekar, the former cheif of SAP has been seeing lots of downs since he joined and was forced to cut down the budget of the company by thirds and also is fighting hard to convince investors on the new move.
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