HP has always maintained that it bought Palm for its intellectual property and not because it wanted to be in the smartphone business. Talking of IP, WebOS is arguably Palm's most valuable asset. The PC maker sees WebOS being used extensively across its portfolio of small form factor devices. A tablet running WebOS is also in the pipeline.
The company has already stated that there will be no conflict between its Windows and WebOS tablets as the former will be confined to the enterprise market. On the other hand, the WebOS-based tablet will vie with tablets like the iPad for a piece of the consumer tablet market.