Hewlett-Packard Launches iPad Rival Slate
Hewlett-Packard Co. (HPQ) on Friday began selling its own tablet-style personal computer, marking the computer-making giant's entry into a rapidly-growing market dominated by Apple Inc.'s (APPL) iPad.
HP's Slate 500 computer, which will run on Microsoft Corp.'s (MSFT) Windows operating system, will start at a base price of $799. The 1.5-pound computer has an 8.9-inch screen and 2 gigabytes of memory. iPad prices range from $499 to about $800, depending on features.
Earlier this week, Apple said fiscal fourth-quarter earnings surged 70% on record quarterly sales of $20.3 billion. The company sold 4.19 million iPads during the quarter.