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Palm says Foleo still on schedule... for Summer


It seems possible that Palm took our advice when we asked the company to "stop keeping us in the dark," because the last few days have been filled with transparency. The latest bit of see-through from the PDA-maker comes today in the form of a denial concerning the recent Barron's news that the company's sorta-kinda-laptop, the Foleo, would be delayed due to syncing problems. According to Palm's director of communications, Jim Christensen, "As stated on May 30, U.S. availability for the Palm Foleo mobile companion will begin this summer. We will let you know if this changes," which runs contrary to rumored street dates for the laptop, and to what Deutsche Bank analyst Jonanthan Goldman reported on Wednesday. The company has had its share of activity over the past two weeks, including solid news on the tiny new Centro (AKA the Gandolf), rumored delays for the Foleo, and of course our gentle prodding. We can only hope all this movement, good or bad, is working as a wake-up to Colligan and co.

Palm Foleo delayed amid criticism on development


According to a Barron's report published today, Deutsche Bank analyst Johnathan Goldberg has released a short note claiming that the Foleo -- Palm's much-derided quasi-laptop -- is headed for production delays. Goldberg states in the note that "In a round of checks yesterday we learned that the Palm Foleo will be delayed," and went on to say the snag is caused by "software bugs," which prevent the system from syncing properly with "most models of the Treo." Clearly not the news that Palm wants people to hear right now, with pressure already to-the-nines on the Foleo and its place (or lack thereof) in the market. With the recent addition of Elevation Partners to Palm's board, the company is due to take on $400 million in new debt, but on a phone call to Barron's later in the day, Goldberg said that "a leveraged re-cap is not going to help them." Succinctly mirroring Engadget's own feelings on the matter, the analyst noted that "There's something wrong with the company," and suggested Palm alleviate some of its problems by introducing "...new software," and "...new form factors." We couldn't have put it better ourselves.

Read -- Palm Sub-Laptop "Foleo" Delayed, Says Deutsche; Does Anyone Care?
Read -- Palm: It's The Software, Stupid, Says Deutsche's Goldberg; Where's the Sense of Urgency?



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