Palm Scraps Foleo
Palm on Tuesday announced the cancellation of the Foleo Mobile Companion, a smart phone assistance product that it introduced to widespread industry guffaws earlier this year.
Unveiled in late May, the Foleo was supposed to be a small, Linux-based laptop-like computer which connected to a Palm handheld device, providing a full keyboard to make e-mailing and other Palm functions easier. It was to have cost $499, after a mail-in rebate. But the technology community reacted to the announcement with befuddlement, with one blogger speculating that the Foleo “could be one of the worst moves ever made in computing.”
“After careful deliberation, I have decided to cancel the Foleo mobile companion product in its current configuration and focus all of our energies on delivering our next generation platform and the first smartphones that will bring this platform to market,” company CEO Ed Colligan wrote in a post on Palm’s official blog. Colligan also wrote that the company, as a result, would take a charge of slightly less than $10 million because of the scrapped launch.