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Hewlett-Packard ( HPQ ) said Friday that it will make its webOS mobile operating system available to software developers and device-makers as an open-source platform, rather than selling the remaining assets of its ill-fated, $1.2 billion acquisition of Palm last year.
"It is a remarkable technology that we didn't want to waste," CEO Meg Whitman said in an interview, after acknowledging that HP had explored various options, including selling the critically praised webOS code to another company.
Distributing the code under an open-source model means that HP is unlikely to get a financial return in the near future. HP had once hoped to use the software, which was created by Palm, for a line of HP smartphones, tablets and other devices. But Whitman's predecessor as CEO abruptly canceled those plans in August after HP's webOS-powered TouchPad failed to gain traction against Apple's ( AAPL ) phenomenally popular iPad.
Since then, the software's future had been in question. Despite wide speculation about prospective suitors, no other company publicly expressed interest in buying the operating system. Industry experts said it seemed the market was already saturated with more popular systems created by Apple, Google ( GOOG ) and others.
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