If you were thinking about an HP TouchPad instead of the iPad, don’t bother. HP announced Thursday that it is discontinuing operations for webOS devices, including the TouchPad and webOS phones.

“The devices have not met internal milestones and financial targets. HP will continue to explore options to optimize the value of webOS software going forward.”

The TouchPad has been on the market for less than two months; it debuted in early July. The tablet device met with criticism upon its release for being slow and for having very limited software capabilities. HP responded by offering an over-the-air system software update that it said alleviated many of the performance issues, but it was too little, too late.

HP then tried to drop the price of the TouchPad by $100 to make it less expensive than the iPad, but that didn’t work either; reports surfaced that indicated that electronics retailer Best Buy is sitting on a huge inventory of TouchPads after selling a paltry amount.

HP’s TouchPad news comes amidst third quarter earnings. The company has also indicated its intent to explore “strategic alternatives” for its Personal Systems Group, including spinning off the business unit entirely. The Personal Systems Group is responsible for HP’s personal computers.

HP also says it has acquired Autonomy Corp., an enterprise software developer that it says will enable it to offer cloud-based services for business. The deal is valued at $10.2 billion.