“Palm has seen better days. Following the departure of senior vice president of software, Michael Abbott (who landed at Twitter), the company has been offering packages to try and keep other executives around,” MG Siegler reports for TechCrunch. “That may not be working so well.”
“Caitlin Spaan, Palm’s vice president of carrier marketing will be leaving the company shortly as well, we’ve learned,” Siegler reports. “This was likely not an easy decision to make for Spaan, she’s been with the company for 14 years.”
Full article here.
Erick Schonfeld reports for TechCrunch, “Palm right now is a disaster. Its sales are going nowhere, its market share is plummeting, and try as it might, it can’t even find a buyer. Industry sources tell us that a major restructuring and management shakeup is imminent and CEO Jon Rubinstein may be replaced.”
“Palm clearly needs to be bought at this point if it is going to survive, and Rubinstein may not be the right person to make that sale,” Schonfeld reports. “Rubinstein came from Apple, where he was head of hardware. He was recruited by Palm’s biggest investor Elevation Partners. Rubinstein is great engineer, but not a great marketer. It appears he is having trouble selling Palm, even as a distressed asset.”
Schonfeld reports, “The writing is on the wall.”
Full article here.
MacDailyNews Take: The writing’s been on the wall for quite some time now. For example, here’s what we wrote over 15 months ago, just after beleaguered Palm unveiled their Palm Pre and webOS: Palm’s Pre dog and pony show is nothing more than takeover bait. They simply do not have the resources necessary to create another mobile platform, especially one that is superfluous. If Palm’s Pre is not a ruse, then those responsible are kidding themselves. – MacDailyNews Take, January 21, 2009