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Palm
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high finance
hires
Palm poaches another Apple executive
Jon Rubinstein, the chairman of Palm, is once again striking former boss Steve Jobs where it hurts — Apple's talent. The latest hire: Lynn Fox, the head of Mac PR, joined Palm earlier this month. For a PR person, she's made the move surprisingly quietly; her name has yet to appear on any press releases. As with Mike Bell, the Apple veteran who now heads Palm's product development, Rubinstein is likely trying to keep things quiet. Relations between Palm and Apple, whose iPhone is walloping Palm's Treo, are tense enough as it is.
wireless
Palm misses earnings, despite Centro sales
Did I just buy my last Palm smartphone? My aging Treo 600 — yes, I hear your snickers already — died at SXSW, and I picked up a cheap Centro to replace it at a Sprint store. (A tip: Skip the $50 rebate and pay $149 instead of $99; the monthly data plan will be less expensive.) Chairman Jon Rubinstein is revamping the company's hardware and software, but does he have enough time? Until the former Apple exec's inventions hit the market, the company has to make do on Centro sales, which swell its unit sales but hit its profit margins. Palm sold a record 833,000 phones in the most recent quarter, but its $312 million in sales came in below Wall Street's hopes. For what it's worth, I love the Centro; if it hadn't locked up at just the wrong moment, I would have beaten Mashable's Pete Cashmore with his iPhone in a text-messaging duel.
Palm is closing its 34 retail stores as the company "consolidates resources" to compete more effectively. Wait, Palm had retail stores? [News.com]
mike bell
With latest hire, Palm's poaching at Apple comes to a boil
Palm has hired Mike Bell, a 16-year Apple veteran, as its SVP of product development. But you'll never hear that from Palm. The hiring of an industry veteran for a top executive spot is something normally trumpeted as loudly as possible. But Palm is desperately trying to keep quiet the fact that it won over Bell shortly before Christmas. Why the silencing effort? Jon Rubinstein, Palm's chairman, was part of Steve Jobs's turnaround team before he left Apple in 2006. Since he joined Palm last year, the smartphone maker has been hiring a number of Apple engineers. There have been "screaming matches and threats of lawsuits," says a plugged-in source. More »
mysteries
Did Palm's Jon Rubinstein know the MacBook Air was coming?
"Does it remind you of the Foleo?" Palm's never-released "smartphone companion" laptop, killed on the eve of its introduction last September, does look a bit like Apple's new MacBook Air, though the latter is thinner yet and far more powerful. Under the casings, there's little comparison. Which raises a question: Did Jon Rubinstein, the former Apple executive who's now Palm's executive chairman, get some inkling that Apple would be coming out with the MacBook Air? More »
Palm stock fell almost 7 percent today after the company reported that it lost $9.63 million in the latest quarter. Last year, in the same period, Palm earned $12.77 million. Too bad for Palm shareholders. Perhaps they can commiserate with the Palm employees that were laid off the week before Christmas. [AP]
scoop
Layoffs at Palm come in OS development
A anonymous tipster tells us Palm will lay off 250 employees, confirming our previous report. "The biggest cuts are from OS development," our source says. "[SVP Mark] Bercow wants the OS sold by April or worst case scenario — abandoned." Which seems strange, considering Palm went through some gymnastics just to get is old operating system back from the Japanese company, Access, which had bought it. The rumor, however, jibes with the Wall Street Journal's report last week on former Apple exec and current Palm executive chairman Jon Rubinstein's plans for the company. More »
layoffs
Ed Colligan says no holiday cheer for Palm employees
Nothing spreads holiday cheer like a rosy rash of firings as employees are starting to break out the eggnog. However they may try, there was no fooling CEO Ed Colligan into dispelling rumors he planned to heap coal — pink-slip shaped coal — into 100 stockings. The AP has confirmed that Palm has laid off 10 percent of its work force this week. These 115 souls were sacrificed to "focus and better align resources behind core initiatives" and "to ensure that our expenses are in line with projected revenues." Bah humbug to you, too, Ed. (Photo by lhoon)
palm
Jon Rubinstein inherits a fistful of fun
Former Apple exec Jon Rubinstein, who ushered in the iMac and iBook, was recruited by Palm in mid-July to help pull the company out from under Apple's Birkenstocks and RIM's wingtips. The flailing smartphone maker certainly needs someone to inject something into its product lineup that is, as CEO Ed Colligan concedes, perceived as stale. (Treo, Treo, Treo!) Too bad it didn't happen sooner. Yesterday it was confirmed Palm will have a wave of layoffs, rumored to be in the hundreds, in the next few weeks. Why? More »
amazon.com
Kindle maker Lab126 hides in Apple's backyard
Jeff Bezos, sitting in an office in Seattle, is basking in the credit for Amazon.com's new Kindle e-reader. But who really deserves credit for it? Lab126, an Amazon subsidiary in the heart of Silicon Valley — Cupertino, Calif., Apple's hometown. With former Apple and Palm employees running the quasi-startup, some have speculated that Lab126 might be coming up with an MP3 player or handheld computer. Instead? The Kindle, which many have dinged for a design that hardly matches the iPod or Treo. ("The Pontiac Aztek of e-readers," says a friend of blogger Jason Kottke.) The good news: Lab126, which now openly takes credit for the Kindle, is hiring two more designers. If you want to do something about the Kindle's design, now's your chance.
the chart
Apple's third quarter was a blowout all around, but the real question is how the iPhone is faring. Now that we've got a quarter's worth of data, we can compare it to the competition, and gauge the effect of blogosphere scandals like the recent episode of iPhones "bricking" after a software update — sure, tech pundits got worked up, but did people stop buying iPhones? The bottom line: Steve Jobs & Co. entered a daunting market and performed quite well.
More »
How well did the iPhone really sell?
Apple's third quarter was a blowout all around, but the real question is how the iPhone is faring. Now that we've got a quarter's worth of data, we can compare it to the competition, and gauge the effect of blogosphere scandals like the recent episode of iPhones "bricking" after a software update — sure, tech pundits got worked up, but did people stop buying iPhones? The bottom line: Steve Jobs & Co. entered a daunting market and performed quite well.
More »
Palm says their new smartphone OS won't be released until the end of 2008. The new system is progressing "as well as possibly could be expected," executives say. Sounds like that plan to split off Palm's software division isn't working out that well. Shareholders, we hope you aren't still holding your breath. [The Register]
"I'm going to use my $100 rebate I get from the I-had-to-have-it-before-my-brother iPhone to get one! And I'll even have a dollar left over for a refreshing can of soda." — AllThingsD's Kara Swisher on the new, low-priced Palm Centro. Kara, you ignorant slut. Don't you know that you can only use your iPhone credit on Apple products? [AllThingsD]
Maybe we spoke too soon when we wrote that Palm shareholders were going to get slaughtered by the company's entrance into the cell-phone price wars with the bargain-priced $100 Centro smartphone. Palm shares were up 6 percent in trading Thursday. Don't hold your breath waiting for that trend to continue. Maybe they're just relieved Palm cancelled the Foleo. [AP]
palm
How low can they go?
Palm is diving from the high-end smartphone market, where some devices sell for an iPhone-like $600, deep into the low end, with the $100 Centro. Kids, that's why they post warning signs around the pool. But we suspect shareholders are the ones who are going to end up with a pounding headache.
palm
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Remembering the Foleo
Were you actually looking forward to the release of the Foleo, Palm's underpowered Linux laptop meant to be a companion to its Treo smartphones? Crushed that it was cancelled? Relive the Foleo's brief glory days thanks to this clip of Jeff Hawkins demonstrating the device on AllThingsD.com.More »
palm
