Despite rumors to the contrary, South Korean manufacturer Samsung has announced it has no interest in acquiring HP's recently discontinued WebOS.

HP announced this summer that it would stop production of its mobile device line and therefore halt the use of the operating system it purchased from Palm last year. Longtime HP product owners and industry followers have speculated on the fate of the operating system, wondering if HP would resurrect it through a new spin-off company, sell it to a former rival or axe it completely. Apple and Google have an enormous share of the market: The iOS and Android operating systems and the companies' mobile accessories are widely popular in the U.S. and internationally.

Although Samsung has an operating system of its own, most of its mobile devices run the Android system. The company is a top selling smartphone manufacturer, so acquiring WebOS may have been a tactical move, but executives seem to want to stay the current course.

"It’s not right that acquiring an operating system is becoming a fashion," said Samsung CEO Choi Gee Sung from the IFA consumer electronics show in Berlin.

As WebOS had such a low share of the market before HP dropped the system, it's unlikely that any major phone makers will express interest in purchasing it.