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 A posting from the Palm blog on Monday by CEO, Ed Colligan states how the company has decided to cancel the plans for the current Foleo mobile device which was schedule to make its public debut this fall.

In the course of the past several months, it has become clear that the right path for Palm is to offer a single, consistent user experience around this new platform design and a single focus for our platform development efforts. To that end, and 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 out next generation platform and the first smartphones that will bring this platform to market. We will, of course, continue to develop products in partnership with Microsoft on the Windows Mobile platform, but from our internal platform development perspective, we will focus on only one.

Of course the change in direction comes at a hefty price of $10 million dollars in earnings, which I’m sure makes the folks over at Apple and Rim very happy.

Categories: Features