HP to release a phablet very soon

HP is one of the leading Information Technology companies of the world. The info just came out of HP that they will release their own phablet very soon. The phablet's size would be similar to Samsung Galaxy Note 3 but would be very cheap (around $200). Some possible specs are Quad-core processor, 1GB RAM and would run Android 4.2.2 (JellyBean). The expected screen size of the phablet is 6" with 720x1280p resolution.