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HP's decision to kill off its nascent tablet effort was stunning but at least it seemed decisive. But now the company is muddying the waters by suggesting that the fate of the TouchPad isn't sealed. HP's Todd Bradley said the company could still resurrect the device.

IBM led the worldwide server market in Q2 2011 with a 30.5% market share, topping HP which fell to the second position after its market share dropped to 29.8%, down 1.7 percentage points from Q1 2011.

The TouchPad is dead, but Hewlett-Packard is giving it a hell of a wake. HP has slashed the price of its $399 tablet computer to $99 after killing the product on Thursday, sparking a buying frenzy. Finally, an Apple competitor has found a price low enough to start a shopping stampede. And why not? Sure ...

In a dramatic reshuffling, Hewlett-Packard Co. said it will end its tablet computer and smartphone products and may sell or spin off its PC division, bowing out of the consumer businesses.

In its quarterly earning released on Monday, IBM reported revenues of $26.7 billion – up 12% from the same period last year. With IBM reporting its 4th consecutive quarter of double digit revenue growth, its shares have marched higher since its announcement. The stock is up nearly 50% in the last year surpassing Microsoft as the second largest technology company by market cap behind Apple. IBM’s primary competitors include HP, Dell and Oracle.

Hewlett-Packard Co. has sued its friend-turned-foe Oracle Corp. in another sign of how badly the relationship between the information technology big shots has frayed.

The company revised its forecast for the current quarter, indicating worries about the impact of the Japan earthquake, softness in sales of PCs and lower operating profits in its services unit.

Google and HP proved that companies can make tablets with UI as usable as the iPad, if not moreso. Now, with the iPad 2 being announced next week, Apple is the one that needs to play catch-up.

The booming popularity of tablets has been a mixed blessing for Asus. The Taiwan-based electronics vendor makes takes a hit each time consumers opt for tablets over the laptops and netbooks it makes. At the same time, Asus is investing in tablets, unveiling four models at the Consumer Electronics Show in January. Most of Asus’ tablets won’t launch until later this year, however, when a glut of other tablets from companies ranging from Motorola to Research In Motion to HP will also be on sale.

Hewlett-Packard showed the fruits of its acquisition of Palm on Wednesday. The technology giant demonstrated a new tablet device and two new smartphones, as well as disclosing plans to bring its webOS software to computers and printers.