HP is ready to give smartphones and tablets another go after notoriously spending $1.2 billion to acquire Palm in 2010 only to shut down its webOS unit 18 months later. Although the company has already sort of jumped back in the game with a Windows 8 tablet for the enterprise, a new report from ReadWrite claims HP is now going for the consumer market with the help of Google's Android platform and Nvidia's new Tegra 4 chip.

Details are rather scarce at the moment. The report cites a couple of unnamed sources familiar with the matter saying the tablet has been in the weeks since before Thanksgiving and could be announced "soon"-- though apparently not at Mobile World Congress later this month. No other specs were mentioned besides noting it would be one of the first devices featuring Nvidia's next generation system-on-a-chip.

HP's Windows 8 tablet, the HP ElitePad 900

The latter was first unveiled at this year's Consumer Electronics Show featuring four Cortex A15 cores on-board, 72 GeForce GPU cores, and LTE support through a companion baseband chip.

An Android-based smartphone could also be in the cards further down the road. Last year, CEO Meg Whitman said they'd eventually offer a smartphone "because in many countries of the world that would be your first computing device", but later clarified that no such product is planned for 2013.

The Verge separately checked with their own sources and reports that while the timeline cited by ReadWrite sounds accurate, specific details regarding an upcoming tablet from HP are still up in the air.