Palm's Software Chief Quits

Posted by Soulskill on Saturday April 17, 2010 @04:39AM from the out-of-hand dept.

alphadogg writes "Michael Abbott, the head of Palm's software and services team, will leave the company at the end of next week, according to a regulatory filing Palm made on Friday to the US Securities and Exchange Commission. He submitted his resignation on Monday and will leave the company on April 23, Palm said. The resignation came as reports surface that the struggling handset maker is seeking a buyer. Last month Palm reported disappointing results for the quarter that ended Feb. 26. Its Pre and Pixi smartphone lines, which run the WebOS operating system, are up against a growing number of smartphones using Google's Android platform as well as Apple's popular iPhone."

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Re:250k for the other principals? by RobFrontier · 2010-04-17 07:05 · Score: 5, Insightful

I can only assume by your comment that you don't follow markets in general, or Palm specifically. Palm is more than likely going to be purchased fairly soon which will increase the stock price dramatically before the purchase. HTC seems like a natural fit, though the most interesting idea I've heard is RIM. It would be nice if Blackberry's came with an actual OS. WebOS is the best mobile OS available, with Android a close second, so there is plenty of value there. Palm also hold a lot of valuable IP and Patents.