backtop


Print 14 comment(s) - last by Moishe.. on Apr 22 at 11:17 AM

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.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: The real problem
By Moishe on 4/22/2010 11:17:06 AM , Rating: 2
I think the pre plus was a time limited exclusive for Verizon. AT&T is still selling the Pre for $150 when Verizon has the Pre Plus for $50 and a BOGO. Add that to Verizon's better network, Pre sales are not gonna go well for AT&T.


"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer

Related Articles













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki