Colligan: Palm Stands Alone
In a new interview with Bloomberg, Palm CEO Ed Colligan has again downplayed the prospect of a takeover bid and said that the company is focused on being a successful stand-alone business.
"What we are focused on today is making sure this business is as successful as possible as a stand-alone business," said Colligan. "When you're a public company, there are always people who may or may not be interested in any point of time of owning that asset. We don't control that. If that happens, it happens."
The article also delves into Palm's plans to standardize its Treo production, in order to accelerate the development of new devices and cut costs. Potentially, says Colligan, this could slash development times from two years to nine months. He says new devices built using this method will appear this year, almost certainly referring to the rumoured Treo 755p.
Most interesting of all is speculation from a director of Palm's product lines, Stephane Maes, that the savings from lower production costs will mean cheaper Treos - possibly at the magic $99 (with contract) price point. It's hard to see how that fits with Colligan's hopes for higher margins, however: he states that he wants to lift Palm's operating margin to 10 percent or more, up from approximately 3 percent last quarter.
Article Comments(30 comments)
- RE: Anyone else still on Palm...??!? -richf
- RE: The iPhone X reveals why Tim Cook was so mad about Palm -richf
- RE: Anyone else still on Palm...??!? -tl47
- Anyone else still on Palm...??!? -tl47
- RE: Picking up a Pre 3 -tl47
- RE: Palm brand will return in 2018, with devices built by TCL -dagwud
- RE: Palm brand will return in 2018, with devices built by TCL -Tuckermaclain
- RE: Palm brand will return in 2018, with devices built by TCL -hkklife