Well, this news is certainly surprising. In April 2010, HP bought Palm for $1.2 billion in order to acquire webOS and Palm's various patents. We got a few devices running new versions of webOS, like the Pre 2, Veer 4G, TouchPad, and the upcoming Pre 3, but now it seems all of that will change. In a press release issued today by HP, it has announced that it will "discontinue operations for webOS devices, specifically the TouchPad and webOS phones." HP will keep webOS around to explore future options that could utilize it, but the main reason HP acquired Palm, phones and tablets, is being axed. HP is also in talks to acquire Autonomy Corporation, which would mean that it would spin-off its Personal Systems group (PCs, mobile devices, and storage). What that would mean is the hardware side of HP would be separate from the services side. HP will hold a conference call later today to discuss the plans in full, but this is certainly unexpected news. HP is looking at a lower than expected revenue, so it seems a refocus is in order. It also means that we will never see the HP Pre 3 smartphone since that was scheduled to be released later this year.