HP preparing for a rough 3rd Quarter; Earnings release today

Bloomberg recently leaked a memo from Hewlett-Packard, saying that they need to "watch every penny and minimize hiring."

Q3 is going to be another tough quarter, one in which we will be driving hard for revenue and profit. We have absolutely no room for profitless revenue or any discretionary expenditures.

This may look like bad news on the surface, but will probably be good news for webOS.  They aren't selling as much consumer products -- desktops, laptops, etc.  Which is where webOS comes in.  Windows can't compete with iOS on tablets, and as we all know the iPad is taking a big chunk out of the laptop and netbook sales.  This means that HP really needs to push the Touchpad, and along with it webOS on PCs, phones, printers, everywhere applicable.