Summary: On the day it announced the US $10.25 billion acquisition of Autonomy, HP announced it would discontinue its Touchpad tablet business and explore options for its PC Unit.
Event: On August 18th, HP announced a $10.25 billion cash purchase of Search provider Autonomy. At the same time it announced this purchase, HP also decided to exit the mobile computing hardware business, due to lackluster sales of its Touchpad.
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