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.

HP is looking to boost sales by launching its own tablet-style computer in time for the holiday season as more people look to buy the portable devices. The iPad leads the tablet-computer industry in which sales will more than double during each of the next four years, research firm In-Stat said last month.

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.

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The coming tablet battles are good news for Intel. The chip maker is married to PC sales. Unfortunately for Intel the savvy individuals over at Apple decided to power the iPad with their own CPU; the A4. Even better news for INTC, the introduction of the iPad has single-handedly decimated PC sales for the last four months. Sure enough Intel will catch the break it needs as competitors come into the tablet market. Intel might get lift as it is set to make the CPUs for the HP Slate 500 and the Samsung Galaxy tablet. In sickness and in health, check out the lovely relationship of Intel and PC sales. Intel vs PC Sales- http://www.hiddenlevers.com/hl/u?ccxhOO

October 22 2010 at 4:42 PM Report abuse rate up rate down Reply