Hewlett Packard Co. this week said it will keep its PC division following the discontinuation of the TouchPad tablet and speculation that it would sell its low-margin PC business.

HP wagered to spinoff of the Personal Systems Group, which has held as the No. 1 PC business against low net profits.

HP Aug. 19 price cut the TouchPad 16GB SKU to $99.99 from $499.99 and the 32GB SKU to $149.99 from $599.99.

HP said it would produce a limited supply of TouchPad to be available by the end of Oct. at $99 for the 16GB SKU and $149 for the 32GB SKU.

HP released the TouchPad tablet series in July in a Wi-Fi 16GB SKU and 32GB SKUs to compete against Apple Inc.’s iPad which has dominated the tablet market since launch in 2010.

Both include a 1.2Ghz Qualcomm Snapdragon Dual-Core CPU, 1GB RAM, and the webOS operating system in a 1.6 lb. device.

Despite powerful specs, the TouchPad held tepid demand at launch.

Current competitors in the tablet space include Acer Inc.’s Iconia and Transformer SKUs, Samsung Group’s Galaxy Tab, and Motorola Mobility Inc.’s XOOM.

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