Palm Inc. Not Going to Be Bought Out
Palm's CEO Carl Yankowski flatly stated today that his company isn't going to be bought any time soon. "No one has approached me and I have no comment consequently,'' he told Reuters. He spoke today at the Bear Stearns Annual Technology Conference.
He also said that at an upcoming board meeting they will discuss breaking the company into two parts, one focused on the Palm OS and the other a hardware firm. Palm is talking with investment bankers about options for the two parts of the companies.
He also gave more details of his company's short-term plans to return to profitability. They are going to sell about $200 million in land originally planned for their corporate headquarters but will hold onto some of it for a smaller campus. They are also going to start using supply chain management software from SAP.
He also assured the 500 or so Bear Stearns attendees that, "We are not running out of cash." He will give more details on plans to write off unsalable inventory and already announced layoffs at a future date.
He said that Palm's current difficulties aren't hamstringing their projects in development. They will still have the next generation wireless handheld, commonly referred to as the m700, out before the end of the year.
However, there was one major disappointment slipped in. Mr. Yankowski said that OS 5.0 is currently scheduled to be released in the second half of 2002. Previous statement had Palm's new OS coming out in the first half of 2002. OS 5.0 will run on chips based on ARM designs that run at much higher processor speeds than current Palms.
Palm has been in financial straights since it bungled the release of the m500 series. They have also been facing excess inventory as the slowing economy reduces demand.
- Opinion: Palm Is Not Going to Fail
- Palm Announces Profit but Gloomy Times Ahead
- Palm On Track with Wireless Handhelds
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RE: Q. next m5xx upgrade?
SuperVZ may be good for SD
A faster Dragonball may potentially offer significantly better user experience with SD devices / data.
1) Announcing the product too early so they've had the cut prices on old inventory to get it out of the supply chain
2) After announcing the m50x series the didn't have the product on the shelves quick enough to take advantage of the buzz on the the product.
What might have been
Even the quotes in the story sound like whining. "No, really, we won't be bought .. and we really DO have enough cash . . see?"
Sounds like a lame duck to me . . . .
RE: What might have been
RE: What might have been
Wake up soon
RE: Wake up soon
The share price's a real bummer.
Palm OS 5 in fall 2002 is too late!
Browser War? I think not.
Carl! split NOW
The product is excellent – the organisation is wrong.
Like the heads of Psion which have lost their grips with reality a long time ago - now Palm got the very specific Soviet Union Syndrome.
In fact they grow internally organised, at least what we can see in Europe, like the god old Leronid Brezniew communistic central committee – where the true powerful widely unknown highly important officials, bare of any conciseness of reality and knowledge steers mindless in their black Volgas in the middle of the night somewhere. This party is always right and the individual official can always hide the "common decision” –soviet style at his best.
Nobody had, as far as I know taken any responsibility for the deadwrong business decisions "we must show something, even the product is not here, on the Cebit" which brought the market leader Palm within weeks to their knees and there stocks falling of a cliff.
The worst thing – there seems not to be to much self-cleaning mechanism.
It seems hat this company is so afraid of there own incompetent "high ranking official’s” like Marie Antoinette of here officials - so they can carry on.
That for all that downfall probably responsible Palm central committee is sitting now in Paris seems to make them internally invulnerable – probably as long till Palm files for bankruptcy.
One must not forget that the profit from the European markets contributed more to Palm economy as one outsider would guess.
As long as Palm was a self runner it worked anyhow.
The combined mixture- the building of overhead with the today sensitive business frame was leading to a structure that must come down finally fast on difficult waters.
The fall of Palm has not so much to do with outside matters as ailing markets as the poor CEO mumbled. Its internal – and he knows that only to well.
This wonderful product – in fact not a product but a lifestyle - could have be the pinnacle of the stock exchange – the honourable Carl Yankowsky, a true unsung hero, has well recognised the core of this matter and tries to steer wildly against this own structure by breaking the company up. (Similar as Potter did with Psion and incorporating it in Symbian)
Splitting the company is the best solution for everybody - the devoloper know where they are - and the customers as well.
Given that Psion was never a big company they are under Symbian worse of as before– but they survived. And that alone is a lot, given their product which makes a Studebaker seem fresh of the band– but it could work with Palm this time.
Carl! Do it now - jump now - breakt them up! You have no other choice left.
If Palm fails – Microsoft rules the PDA market– without having raised a finger – MS only has to wait calm till palm swims belly-up down the river...
We all here hope that never happens and we keep our fingers crossed – but were not sure.
Are Palm III and Palm V series dead?
They're dead anyway
So, what has Palm added lately? Clock and notepad? Automatic off and lock?
Considering it was the licensees, Sony, Handspring, Handera, that have added USB, Springboard, VFS, 320x320, virtual graffiti area, voice recorder, jog dial, 33 mhz Dragonball, CF, mp3 players, and so on, I think Palm is dead anyway. Sure, the company still exists but they haven't made anything really new and different since the Palm VII.
- I got one -Tuckermaclain
- RE: Don't we have this already? -Tuckermaclain
- RE: Palm brand will return in 2018, with devices built by TCL -richf
- RE: Palm brand will return in 2018, with devices built by TCL -dmitrygr
- Palm phone on HDblog -palmato
- Palm PVG100 -hgoldner
- RE: Like Deja Vu -PacManFoo
- Like Deja Vu -T_W
Q. next m5xx upgrade?