PreCentral is reporting that HP (NYSE:HPQ) has sent VIP contacts a PowerPoint presentation which details features and functions being developed for the HP TouchPad, Veer, and Pre 3. It turns out that in that presentation HP also unwittingly revealed its plans for a cloud-based music and movie service. The service will cache tunes most likely to be accessed by a user to their device and even let folks listen to tracks not yet purchased. Will HP beat Apple (NASDAQ:APPL) and Google to the punch? With HP’s widespread channels and distribution, it may just edge out some market share from Apple’s iTunes.
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