Tag Archive | "Palm"
Palm’s Senior VP of software and services prepares to jump ship to Twitter
Is this perhaps another nail in the Palm coffin? As part of their recently submitted SEC filing, Palm stated that their senior VP of software and services, Michael Abbot, would be leaving the company. Abbot was reportedly a driving force behind the largely well-received WebOS platform which, while decent in its own right, simply wasn’t […]
Continue reading...Palm also exploring WebOS licensing and fundraising options
Tuesday, April 13, 2010
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Following up on a report that Palm executives are looking to sell the company comes word that it may also be open to licensing its WebOS and/or rallying up a new group of investors. Remember that Palm’s financial situation is pretty fragile at the moment, with some financial analysts predicting that Palm’s share price may […]
Continue reading...Report: Palm looking to sell
Monday, April 12, 2010
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Bloomberg is reporting that Palm is looking to sell the company: Palm Inc., creator of the Pre smartphone, is seeking bids for the company as early as this week, according to three people familiar with the situation. The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, […]
Continue reading...Palm parts ways with ad agency Modernista
Monday, April 12, 2010
Palm, which is hemorrhaging money, recently decided to part ways with its ad agency Modernista. Modernista was behind some of the Palm Pre’s more interesting advertisements, and truth be told, Palm’s advertising efforts with the Pre were pretty weak and were universally lambasted and laughed at when they first hit the airwaves. In light of […]
Continue reading...Palm CEO Jon Rubinstein blames Droid for Palm Pre’s lackluster sales
Wednesday, March 24, 2010
After posting disappointing earnings last week, shares of Palm plummeted nearly 20% down to $4.59 a share, marking a new 52 week low for the beleaguered stock. And unfortunately for Palm, it doesn’t seem like there’s much of an upside with a few analysts lowering their price target for Palm all the way down to […]
Continue reading...Palm shares hit 52 week low after disappointing earnings
Monday, March 22, 2010
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When former Apple executive Jon Rubenstein joined the ranks of Palm a while back, it was widely believed that Palm and its new webOS would make a noticeable splash in the smartphone market. Sales of Palm’s flagship device however, the Palm Pre, have been underwhelming and Palm is now skating on financially thin ice. Things […]
Continue reading...Palm CEO Jon Rubinstein pens letter to employees re: lackluster sales
Friday, February 26, 2010
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Yesterday, Palm announced lowered earnings guidance for its upcoming 3Q results, naturally attributing dissapointing revenues to lower than expected sales and thus fewer orders from carriers. In light of Palm’s disappointing sales, Palm CEO and former Apple Executive Jon Rubenstein penned a letter to Palm employees explaining the reasons behind subpar sales of the Palm Pre […]
Continue reading...Palm slashes guidance, stock down nearly 16%
Thursday, February 25, 2010
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With Android making a strong push, and RIM and Apple still doing their thang’, Palm’s lineup of WebOS phones have seemingly been marginalized to the fringe of the smartphone market. Earlier today, Palm scaled back its earnings guidance and now expects 3Q revenue to fall somewhere in between $285 and $310 million. The street, however, […]
Continue reading...Avie Tevanian, Steve Jobs’ old right hand man, to join Elevation Partners
Friday, January 15, 2010
You may not have heard of Avadis “Avie” Tevanian, but if you’re reading this website, odds are that you’re very familiar with his work. Tevanian originally came over to Apple from NeXT when Apple purchased the company back in 2007. During his time at Apple, Tevanian served as the Senior Vice President of Software Engineering […]
Continue reading...Palm CEO Jon Rubenstein has never used an iPhone
Saturday, January 9, 2010
At CES 2009, Palm stole the show when it showcased the Palm Pre. At last, people thought, a true competitor to the iPhone. Though the Pre hasn’t done much to steal the iPhone’s thunder, it was enough to keep Palm afloat at a time when its days seemed numbered. Spearheading the development of the Palm […]
Continue reading...Why Palm’s “Open” strategy to take on the iPhone won’t work
Tuesday, October 6, 2009
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The app store on the Palm Pre is now open for business, and Palm CEO Jon Rubenstein announced at yesterday’s Palm Developer conference that there are already about 127 apps that have been downloaded a total of 7.5 million times. Now that might seem impressive until you consider that the iPhone app store currently has […]
Continue reading...Palm has an easy time getting the Pre to sync with iTunes
Sunday, October 4, 2009
Well, Palm certainly has some chutzpah. Even after Palm’s complaint with the USB Implementers Forurm resulted in a public lashing, whereby they were chastised for spoofing Apple’s USB vendor ID, they were back to their old tricks this past weekend. According to PreCentral, when a user hooks up their Pre running WebOS 1.2.1 to their […]
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Tuesday, April 20, 2010
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