* Yes, folks, the day many have been waiting for is fast approaching: Apple (AAPL) is set to unveil the iPad 3 next Wednesday, March 7. At this point, it’s almost certain the newest tablet will feature a Retina-like display, one with nearly double the resolution of its predecessors, however what else the iPad 3 will be packing is anyone’s guess. Fortune will be covering the event and serving up all those juicy tech specifications as they come.

* HP (HPQ) is laying off 275 employees from its webOS division. It seems the company “no longer needs many of the engineering and other related positions that it required before.” (The Verge)

* The future according to Google (GOOG) chairman Eric Schmidt. (Silicon Filter)

* Why Windows 8 may be Microsoft’s most important product launch in years. (GigaOm)

* Groupon acquired the social travel research startup Uptake. (All Things D)

* Critically-acclaimed music streaming startup Mog is reportedly for sale. (CNET)

* Sony’s recently-launched PlayStation Vita portable gaming system has sold more than 1.2 million units worldwide. (VentureBeat)

* Five of the biggest trends at this years Mobile World Congress include quad-core processors, bigger screens, and in some cases, cheaper smartphone prices. (InfoWorld)

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