Just one month after the launch of the TouchPad, manufacturer Hewlett-Packard (HP) has announced a $100 reduction in the cost of the tablet computer --- bringing down the price of the 16GB model to $400 and the 32GB model to $500.

The recently-announced TouchPad price-cut – which takes effect immediately and will be offered at HP's web store - implies that the HP tablet is now $100 cheaper as compared to its equivalent iPad 2 models.

The slashing of the TouchPad cost also clearly marks HP’s intentions of making serious on its earlier promise of reaching up to one of the top two positions among tablet manufacturers.

Despite the fact that HP has refrained from releasing official numbers about the TouchPad units sold so far, American Channel Chief, Stephen DiFranco, has stated that the sales of the tablet have been “encouraging.” In addition, DiFranco also said that the announced price-cut will make the tablet even more competitive.

There are speculations galore that the response to the HP TouchPad has probably been so upbeat that the company believes to have found the ‘magic price point’ for its tablet --- the optimism fairly substantiated by the fact that the company has released a notable Web OS update – version 3.0.2.

The TouchPad update – the first one to be delivered ‘over the air’ (OTA) – chiefly attempts to address a number of performance-related issues which, incidentally, have been tarnishing the image of the tablet.