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HP begins TouchPad clearance with $99 fire sale

By Josh Ong

Published: 10:26 PM EST (07:26 PM PST)  

     
Resellers have begun clearing HP TouchPad inventory with a drastic sale that cuts the price of 16GB and 32GB models to $99 and $149, respectively, just one day after the device was discontinued.

The company reportedly sent a memo to its affiliates announcing the $300 price cut, which is on top of a $100 price cut that went into effect earlier this month, as noted by PreCentral.net.

"HP will be lowering the price of the TouchPad beginning Saturday 8/20/11. This is the lowest price ever for the TouchPad so please post it as soon as it goes live," the alleged memo read.

Though the sale is set to begin on Saturday, some resellers, including Best Buy Canada and Future Shop, are already listing the new pricing, though both appear to have quickly sold out of the device.

The discounts are likely fueled by a $100 million write-off that HP took for unsold TouchPad inventory. Resellers, including Best Buy, were said to have complained to HP about the overstock, refusing to pay for the hundreds of thousands of leftover units.


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