With HP deciding to pull the plug on all of its webOS flavored hardware, it’s no surprise that prices of the HP TouchPad tablet are falling almost faster than the company’s stock. Starting Saturday, the price of the 16GB TouchPad drops from $399.99 to $99.99 and the 32GB version will be reduced in price from $499.99 to $149.99.

Who would have imagined that the 16GB HP TouchPad would quickly drop under $100 in price? Sure, HP started cutting the price almost immediately after it was launched, but no one could have predicted this happening. Imagine what those who bought the tablet last week must be thinking. And just to make it clear, the price reduction is not the idea of the retailers. This liquidation is coming straight from Palo Alto and HP is telling retailers that this is the “lowest price ever” for the TouchPad (which is pretty obvious, don’t you think?), and HP suggests that the new prices should be posted as soon as they go live, which is tomorrow. As we reported, HP is planning on reimbursing retailers to the tune of $100 million for unsold inventory of the tablet.

Paying $99.99 for a tablet that was priced at $499.99 at launch just a few weeks ago seems like a great deal and no doubt, webOS devotees are going to take advantage of the deal. But what about those who favor other platforms; will you pass up the opportunity to grab either HP TouchPad at the new fire sale prices?

source: MobileSyrup

HP has drastically cut the price of both the 16GB and 32GB HP TouchPad