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Technology giant Hewlett-Packard (NYSE:HPQ) is probably following in the footsteps of peer IBM by planning to exit the PC business to focus on software space.

Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.

Hewlett-Packard is considering a sale of its personal computer unit and will kill of its Web tablet that was launched a month ago.

Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.

Hewlett-Packard Co wants to buy Autonomy Corp for $10.3 billion and is pondering a spinoff of its personal computing arm, setting in motion a transformation that mirrors IBM's successful overhaul last decade.

Hewlett-Packard said on Thursday it is considering a sale or spinoff of its personal computer unit, will halt production of its webOS devices such as the TouchPad, and agreed to buy British software firm Autonomy Corp for $10.2 billion.

Hewlett-Packard said on Thursday it is considering a sale or spinoff of its personal computer unit, will halt production of its webOS devices such as the TouchPad, and is in talks to acquire British software firm Autonomy Corp.

HP's TouchPad flop brings to mind five other tech mishaps

Hewlett-Packard Co wants to buy Autonomy Corp for $10.3 billion and is pondering a spinoff of its personal computing arm, setting in motion a transformation that mirrors IBM's successful overhaul last decade.

Hewlett-Packard Co plans as soon as Thursday to announce a $10 billion acquisition of British software company Autonomy and a spinoff of its personal computer business, the world's largest, Bloomberg reported.

Hewlett-Packard Co is in talks to buy British software company Autonomy and is pondering options for its personal computing division including a spinoff, as the tech giant steps up an overhaul aimed at rekindling growth.

Rest in peace, HP TouchPad. You had a short, miserable life. Some consumers liked you, but it wasn't enough -- so HP is giving up, putting you to swift death.

Less than two months after its release, HP is dropping the TouchPad and other WebOS devices.

Hewlett-Packard will be dumping its Touchpad tablet computer and phones after dismal sales at Best Buy and other retailers, the company announced on Thursday.

Hewlett-Packard could sell low-margin PCs to focus on high-margin services

Hewlett-Packard Co is close to a deal to buy British software company Autonomy for $10 billion and will announce on Thursday a long-rumored spinoff of its PC division, the world's largest, two sources familiar with the company's plans said.

Hewlett-Packard may announce a bold plan as early as today to completely remake the company -- shedding its PC unit and acquiring enterprise software company Autonomy Corp for $10 billion.

Kodak's patent auction can benefit shareholders as well as the U.S.

Hewlett-Packard Co. (NYSE: HPQ) will acquire Autonomy Corp. for roughly $10 billion and announce a spin-off of its personal computer business, according to a report.

Shares of Hewlett-Packard Co and Dell Inc fell on Wednesday as the outlook for U.S. and European corporate government technology spending dimmed.

Shares of Hewlett-Packard Co and Dell Inc fell on Wednesday as the outlook for U.S. and European corporate government technology spending dimmed.

As a step to expand WebOS market beyond smartphones and tablets, HP is working to bring its WebOS mobile operating system to major appliances and cars.

The new TouchPad tablet has become the "OuchPad" for HP. The product isn't selling because consumers have shown they prefer the iPad.

The surplus stock of over 200,000 unsold TouchPads are sitting in Best Buy, waiting to have HP bring them home.

Consumers aren't touching HP's TouchPad tablet. Best Buy is sitting on 200,000 unsold TouchPads and wants to send them back to the company.

Dell Inc slashed its 2012 revenue forecast as an already weak outlook for technology spending this year worsened, sending its shares more than 7 percent lower.

One analyst says Amazon would do well by offering a low price tablet competitor to the iPad.

HP's trimming TouchPad prices could be a smart ploy to be No. 2

Google Inc.?s Android powered tablets have collectively taken 20 percent of the market share away from iPad in the last 12 months.