Ex-Palm CEO lands new gig
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Carl Yankowski, who headed the handheld maker during the peak of the PDA boom, is tapped to head Ambient Devices, an Cambridge, Mass.-based consumer products company.
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The company is facing challenges as it changes its business from one focused on PDAs to one that specializes in smart phones.
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Treo smartphone maker Palm Inc.  said on Monday it will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, in a deal that adds a former Apple Inc. executive to its board.
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SUNNYVALE, Calif. PalmSource -- the maker of Palm operating systems for handheld computers -- plans to introduce new software tomorrow to serve as the brains for so-called smart phones.
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MCI CEO Michael Capellas might be looking for a new job. His former employer, No. 2 PC maker Hewlett-Packard, needs a CEO. Is it a perfect match? Not necessarily, tech analysts say.
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Struggling electronics firm considers breaking itself up in a move that could reshape the mobiles industry
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PDA and smartphone maker Palm on Monday announced a recapitalization plan that will plant two former Apple executives on the company&#8217;s board of directors and will infuse $325 million in funds into the company. In return, Palm&#8217;s selling a 25 percent stake to Elevation.
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SUNNYVALE, Calif. -- Smartphone maker Palm Inc. will sell a 25 percent stake to private equity firm Elevation Partners for $325 million, the company said Monday, and announced that the former technical guru behind the iPod will become chairman.
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New CEO brings passion and an eclectic background as he charts a new course for the Linux developer.
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Handheld-computer maker PalmOne is considering moves that would take it beyond the operating system that helped make the company a household name.
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(InfoWorld) - Palm plans to announce a new type of mobile device on Wednesday as it continues its product-line transition from simple PDAs to more advanced smartphones. Consumer electronics vendors are rushing to develop handsets that offer mobile e-mail and Internet browsing instead of merely calendars and contact lists. Apple added fuel to this fire in January when CEO Steve Jobs announced he would launch the iPhone in June, combining the iPod music player with a digital camera, smartphone, and touchscreen display. Now Palm is telling industry watchers that founder Jeff Hawkins will unveil the new device during his talk at a trade show in Carlsbad, California called D: All Things Digital. Palm is keeping quiet about the details, even declining to brief industry analysts ahead of the announcement. But one possibility is theÂ Linux-based smartphoneÂ that Palm CEO Ed Colligan has promised to release before the end of 2007. Such a device would improve performance compared to Palm's current Treo by running the Palm OS on top of a Linux kernel, Colligan told analysts at the company's annual investor day in April. Palm will also continue to use Microsoft's Windows Mobile OS. In the PDA segment,Â vendors used Windows on 62.1 percent of handsets in the first quarter of 2007, compared to just 0.7 percent for Linux, according to Gartner. By continuing to develop applications on both tracks, Palm hopes to win customers by offering them more options with its Treo smartphone than competitors like Research in Motion's BlackBerry, Motorola's Q, and Samsung's BlackJack. Another possibility for Palm is to re-architect its Treo into a more stylish, consumer-friendly device, said analyst Jack Gold, founder of the research firm J. Gold Associates. "They are being left behind by the likes of BlackBerry and Nokia and Moto as far as device design goes," Gold said. "I wouldn't be surprised to see a new navigation paradigm but not too far away form a standard phone. They don't want to lose their bread and butter clients, who are mostly business users who want an e-mail device."
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Back in May, a Microsoft executive said it would be &quot;perfectly feasible&quot; for Microsoft&#39;s Windows Mobile software to run on a PalmOne handheld device or smartphone, now that the company formerly known as Palm is separated into two companies, one for
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Palm used to dominate the market with the best gadget. What went wrong? Mike Elgan gives his views.
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Elevation Partners invests $325 million in struggling maker of handhelds and adds a former Apple exec to Palm's board.
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By The Dallas Morning News  Feb. 6--A Plano software company that lets smart-phone users create, read and edit Microsoft Office files said Monday that it has secured $7 million in venture capital and named former PalmSource chief executive Patrick McVeigh to its board.
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Despite Europe's support of the Symbian operating system, Palm will woo users there with its homegrown OS and Windows Mobile.
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The Palm 500 runs on Windows Mobile and likely will be sold by Vodafone.