One Reason to Buy Hewlett-Packard Co. Shares: The Slate (NYSE: HPQ)

Hewlett-Packard Co. (NYSE:HPQ) shares hit a new 52-week high today and there's good reason its stock will stay at that level and continue -- HP's Slate is coming.  Say hello to an Apple Inc. (NASDAQ:AAPL) iPad-like-device that has built-in video camera, USB ports, support for SD cards, music player software, and direct integration with social media and file-sharing sites like Facebook and Flickr. Did we mention it works with Flash.

 
Hewlett-Packard Co.'s (HPQ) yet-to-be-named slate computer features a 1.6 GHz Intel Atom processor, an 8.9-inch, multi-touch display, 32 or 64 GB of Flash storage, and 1 GB of DDR RAM, according to Engadget.  HP's slate also runs on Windows Home 7 Premium, includes a VGA Webcam, and an Intel UMA graphics chip that supports 1080p, high-definition video playback, the blog reported, citing internal HP documents.

The documents further revealed that HP's slate will be priced between $549 and $599 when it hits the market later this year. HP has not confirmed the documents' authenticity.

The Slate looks incredible and blows the iPad out of the water, this 30 second ad is all we need to see to make us go out an buy HP shares today:

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