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A Palm executive and longtime retailer leave Palm behind in search of brighter futures

The financial and structural problems for Palm continue to pile up with no apparent viable outcome other than selling the company.

Palm started the week already under constant pressure, but it got worse when it was disclosed Michael Abbott, Palm Vice President of Software and Services, abandoned the company as Palm admitted it may be more difficult to find a new buyer than previously expected.

"We are concerned by the departure of Mr. Abbott, as he had principal responsibility for Palm's WebOS software, one of the company's few remaining assets," noted Lawrence Harris, CL King & Associates analyst, when speaking with
Reuters.

Abbott is expected to officially leave the company by the end of the week, though it's unsure if he'll be replaced.

The double whammy caused Palm's stock to slide a further 13 percent, as Abbott was the person responsible for helping lead development of Palm's webOS.

Palm has released the Pre and Pixi over the past year, but still hasn't been able to compete with Apple, Research In Motion, HTC, and other competitors.  The appeal for webOS is a driving force behind rumors of HTC and one or two other companies possibly buying the company.

If that wasn't enough, Palm also said RadioShack -- which is suffering its own financial issues -- also will leave behind the Pre and Pixi phones.  Sprint will instead offer a new RIM BlackBerry as the No. 3 wireless provider continues to battle against AT&T and Verizon Wireless.

Palm's financial woes have been well discussed in the past, and there are piles of unsold Pre and Pixi smartphones even though no more phones are being produced.



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RE: I'm no executive
By Assimilator87 on 4/20/2010 12:03:10 AM , Rating: 2
All this news about Palm is so disheartening. I have a Sprint Pre and I'm absolutely in love with the card system. On top of that, Palm's extremely open support for third party developers and modding (patches for those in the know), plus the PDK, which has allowed game developers to port their products within days, are a shining example for the rest of the industry. I really want them to succeed so that I may one day see a Pre 2 with a Cortex-A9 and hi res screen, but with the way their sales are going and the recent wave of crucial members leaving, their future looks discouragingly grim. On the other hand, Palm has recently been spreading its products like wildfire to every carrier available and I think that'll really help push them through until the next big release. It's all very murky, but let's all hope that the other carriers can push the WebOS products enough for Palm to weather this sh*t storm.

-Mike


RE: I'm no executive
By Moishe on 4/22/2010 11:14:05 AM , Rating: 2
I have a Verizon Pre Plus and it is a beautiful phone. It's good in so many ways. Palm has a lot of good will built into the WebOS and it will be a shame if the OS goes down the toilet.

They need to keep selling them cheap and on more carriers. Everyone wants to have the top dog phone, but in the end, sometimes sales quantity can save an arse.


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