IDG News Service - Just as the newest chapter in the storied history of Palm Inc. unfolds, the last remaining company founder is moving on.
Palm announced Wednesday that Ed Colligan is stepping down as president and CEO. Jon Rubinstein, perhaps best known for his part in developing the iPod for Apple INc., will take over as chairman and CEO. Rubinstein has been with Palm since October 2007, serving as executive chairman.
The change at the helm comes just days after Palm introduced its newest phone, the Pre, based on a new operating system. The company, which has struggled over the past couple of years, has staked its livelihood on the new Pre.
After taking some time off, Colligan plans to join Elevation Partners, Palm said. Elevation, a Palm investor, counts the singer Bono as well as the former chief financial officer of Apple among its investment team.
Colligan founded Palm along with two colleagues in the mid-1990s, essentially creating the personal digital assistant market with the PalmPilot. When Palm was later bought by 3Com, Colligan left to help start up Handspring, which licensed the Palm OS.
While Palm had some recent success with its low-cost Centro phone, it has had a hard time selling enough phones to make up for the dramatically shrinking demand for PDAs. Palm has spent years developing the new WebOS operating system that runs the Pre. The phone now faces stiff competition from the iPhone.
Rubinstein's decision to join Palm in 2007 came with fanfare, as Palm supporters hoped he might bring some of Apple's famous design flare to Palm.
- 2014 IT Workplace Trends and Salary Guide Staying competitive in the IT market can be challenging. This guide provides you with insight into variety of IT workplace trends including, U.S....
- Improving IT Efficiencies: Four Advantages of Multi-Tenant Data Centers Increasing demands on IT are forcing organizations to rethink their data center options. For many organizations, that means turning to the flexibility afforded...
- Accelerating Cloud Deployment and Operations with Managed Services Companies that do not have sufficient in-house expertise to either deploy or maintain an IaaS cloud should turn to Managed Service Providers .
- Rethinking IT Operations in the Cloud This paper breaks down the challenges that often prevent the cloud from delivering the fast, flexible and affordable infrastructure companies seek - and...
- NSS Labs & Cisco Present: Evaluating Leading Breach Detection Systems Today's constantly evolving advanced malware and APTs can evade point-in-time defenses to penetrate networks. Security professionals must evolve their strategy in lockstep to...
- Will the Real Endpoint Threat Detection and Response Please Stand Up? This webinar explores new technologies & process for protecting endpoints from advanced attackers as well as the innovations that are pushing the envelope... All IT Careers White Papers | Webcasts
Our 28th annual survey results show which IT skills are in high demand and which are cooling off. Also, see how your salary stacks up to peers' with our Smart Salary Tool.