Palm replaces Colligan as CEO with Rubinstein
Colligan will be joining Elevation Partners, the investment firm that kept Palm alive until the Pre could be released, by throwing chiunks of cash at the company over the last two years. When the private equity firm started investing in Palm two years ago, it was instrumental in making Rubinstein Executive Chairman of Palm, a role that included leading the development of the device that is charged with the job of turning Palm around and making the firm relevant again. He also was instrumental in the design of webOS, the new operating system that is getting rave reviews.
source: Market Watch
1. Kiltlifter (Posts: 742; Member since: 11 Dec 2008)
as a straight up hater of everything apple, it saddens me that the Pre's OS and design came from a former apple guy. The nerd is me is excited that the reinvention of Palm OS with webOS and actually making a sleek product casing will revive the one-time dominant smartphone brand (as peaple still called their winMO devices Palm Pilots). The business man in me is also excited to see that a former apple guy is now the head of a company that is in direct competition with other smartphone manufacturers, more directly Apple itself as the Pre has been said to me the closest to compare to the iPhone. YAY FOR MARKET COMPETITION!!! Don't stop! keep innovating the market!
2. chupum (Posts: 115; Member since: 10 Feb 2009)
I've got to agree with you there. This is a ultimately a great example of free market capitalism!