The head of HP's Personal Systems Group expects a decision to be reached on the future of the firm's PC business within the next two months, as HP begins the difficult process of offloading the division.
Todd Bradley, formerly Palm chief executive, told CNBC that HP has already generated interest from other hardware manufacturers concerning the webOS platform.
"We have said we are looking at a variety of strategic alternatives from a potential spin off to nothing, so I think that work will get completed in the next eight to 12 weeks," he said.
"WebOS is still a strategically important asset and, since we announced that we won't build and sell the software, we've seen interest from a number of large parties interested in working with us, potentially licensing webOS."
Bradley hinted that HP may not yet be done in the tablet space, but admitted that the TouchPad, now being heavily discounted by major retailers, had been a disappointment.
"We said we would stop manufacturing webOS devices. We did not say we would get out of the tablet business. It's fair to say that sales of TouchPads were not what we expected, not what we wanted," he said.
Retailers have slashed the price of the TouchPad to as low as £89, and consumers are rushing to snap them up at a rock bottom price.
HP is also to acquire UK software firm Autonomy to enhance its standing in the software and services business and move away from its more traditional hardware base.
BT wants to make the public switched telephone network history within eight years
Personal data being purloined by third parties via Facebook Login API
MacOS and iOS are better off apart, says CEO Tim Cook
Or they'll no longer be entitled to updates and bug patches