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Friday, 19 August 2011

HP & the Industry's Obsession with Las Vegas

"Please fasten your seat belt.  The captain has announced of turbulence up ahead on the approach to Las Vegas."

This seems to describe the smartphone and IT industry in general this week.

It started off this week with Google saying they were getting engaged to Motorola and hoping their marriage could be concluded as soon as legally possible.  It ended with HP saying they don't want the step children they adopted last year (Palm / WebOS / tablets / smartphones ) and that they're also considering a divorce from their PC business unit.

Las Vegas has always been known for rather infamously for its overnight marriages that many can barely recall when they wake up in the morning.  The question now is what other quickie engagements, marriages, divorces, deaths and adoptions can we expect to see?  

Keeping with the Vegas theme, HP's CFO even went as far as saying that continuing with their tablet and smartphone business would've meant they were gambling with their Q4 results (click here for details).

Samsung, HTC, RIM, Microsoft, Facebook, Apple, Amazon, LG, Sony Ericsson, Lenovo, Nokia, Acer, Asus, Toshiba and Dell have all been reasonably quiet this week except for their politically correct statements saying they embrace change positively.  We all know that they'd all be sleeping with a bit unease until they can figure out what happens next but until then it may be worth watching a movie like Casino, Oceans Eleven, The Hangover or any other movie that was based in Las Vegas (click here for a list of movies based in Las Vegas) because a lot seems to be happening and it's all got a Vegas feel to it.

Posted By: Ashish Panjabi, Chief Operating Officer, Jacky's Electronics