Hewlett Packard Co. is mulling the sale of the webOS platform post clearance of the HP TouchPad, according to a new report.

The report claims the sale of the operating system may nab hundreds of millions. It received the proprietary software in the purchase of Palm Inc. in 2010.

Companies said to be interested in the purchase, which includes a patent portfolio, include Oracle Corp.

HP in Aug. discontinued all products that carried the webOS software due to lack of demand.

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.

Wal-Mart Stores Inc. this week began offering the HP TouchPad at $149 with the purchase of a select HP Laptop.

The promotion follows a similar offer from Best Buy Co. Inc., which is selling the TouchPad at $149 with the purchase of a select HP or Compaq PC.

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 TouchPad SKUs 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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