We don’t talk much about Palm any more, but there was a time on the ‘Cool when Palm was a respected peer to RIM. Now, I physically shudder at the thought of a Palm/RIM connection.
The upcoming January CES will give Palm one final opportunity to change their fate. It is at CES where Palm will debut their new OS, code-named Nova, to what will surely be a lukewarm audience. BusinessWeek has a great article on the high expectations Palm must meet:
Palm needs to hit its mark. The company has lost share and its stock price has plummeted 80% since Rubinstein joined. With about six quarters of cash currently in the bank, Palm’s last best hope may be Nova, to be released by mid-2009. Cash-strapped carriers are loath to take on the cost of supporting another platform and software developers are busy building software for other devices, including the iPhone, BlackBerry, and phones that use Google’s (GOOG) Android software. “If they can’t show me a large, active audience, I’m not going to be interested,” says Jeff Holden, CEO of Web 2.0 company Pelago, maker of a social networking tool for the iPhone. “At this point in the game, you’re toast unless you have something completely unbelievable.”
Palm Chief Executive Officer Ed Colligan says they are attempting to aim at the ‘fat middle’ of the market between the iPhone and the BlackBerry. I’m not quite sure what that means, but I have to ask: at this point what would Palm have to show us to still be considered relevant?