
Palm CEO Ed Colligan sent out a mass email to the company's customers yesterday, and the news it contained was quite a surprise. "I have decided to cancel the Foleo mobile companion product in its current configuration," he wrote.
The hit to the company, Colligan said, will be less than $10 million - which doesn't seem like all that much, considering the prominence it had given to the Foleo over the past few months.
InfoWorld's Zack Urlocker says it was a good call. "At 2.5 pounds, and 5 hours battery life, the only thing the Foleo had going for it was a full sized keyboard and the low price," he writes. "But it wasn't actually portable enough that you'd want to take it anywhere you wouldn't rather have a PC."
Still, it doesn't make Palm look good. Not only is Palm's development of new products slowing to a snail's pace, but as the Washington Post's Rob Pegoraro notes, "The Foleo cancellation certainly won't raise Palm's popularity among the third-party developers that had signed up to write software for the Foleo."
More here from Forbes ... and more here from InformationWeek.
Mr Wong
Vote for Farewell, Palm Foleo, We Hardly Knew Ye:
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