from the circling-the-deadpool? dept
There have been long-running rumors that Palm was up for sale, with the things getting so ridiculous that at one point it looked like they were made up to
boost the share price. The company has never been sold, though private equity firm Elevation Partners
bought a 25% stake last month and brought in some new management. Some people wondered at the time if Palm went down this road because it couldn't find anybody interested in buying the whole company; an SEC filing about the Elevation deal
suggests that this was indeed the case. The deal in and of itself does nothing to solve Palm's
long-standing problems (and neither will its recently announced
and wholly underwhelming Foleo product), and in the meantime the bad news rolls on: Palm also said this week that devices using a Linux-based follow-up to Palm OS 5 -- like it's been talking about
since 2004 -- have been delayed
until next year.
