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Are you ready for a new smartphone... by HP? The struggling American computing company famously jettisoned its old phone company Palm last year, after purchasing it for $1.2 billion in 2010. Now though, CEO Meg Whitman says HP feels it must get back into the cellphone business in order to ensure its prospects abroad.

“We have to ultimately offer a smartphone because in many countries of the world that is your first computing device," she said in a recent interview on Fox Business. "You know, there will be countries around the world where people may never own a tablet, or a PC or a desktop. They will do everything on the smartphone. We’re a computing company; we have to take advantage of that form factor. … We did take a detour into smartphones, and we’ve got to get it right this time. My mantra to the team is: ‘Better right than faster than we should be there.’ So we’re working to make sure that when we do this, it will be the right thing for Hewlett-Packard, and we will be successful.”

Given the current (over)crowded smartphone market, HP should certainly feel free to take all the time it needs. Even with a great/innovative device It's going to have a tough road ahead if it plans on having any kind of impact— just ask Nokia.

[via AllThingsD]