The fiasco started earlier this year when CEO Leo Apotheker, one year into his job, decided to phase out the tablet computer business and the phone operation alongside PCs. This inevitably meant demolishing the WebOS business - and Apotheker's career with HP.
His move towards the software and services market, aping competitor IBM which hasn't made PCs for a while, didn't go down well at all with the board and he rapidly found that Meg Whitman was CEO instead.
Whitman claims the company is now committed to the PC market and has confirmed that it will be making tablet computers - but says these will be based on Microsoft's Windows 8 system.
Confused? You shouldn't be - until you hear that HP is still mulling over what to do with WebOS. It's not dead. The company was expected to make an announcement yesterday - but reports indicate that Whitman told an internal meeting she'd be considering what to do over the next few weeks.
My guess is that option 3 is going to start looking good to a lot of people very soon.