rubinstein
Latest
webOS 2.0 coming 'later this year,' says HP's Rubinstein
HP's Jon Rubinstein -- formerly of Palm CEO fame, of course -- just mentioned in an interview with Fortune that webOS 2.0 is on track for "later this year." Considering that 2010 is more than half over, that doesn't leave a whole heck of a lot of time -- but with a mix of presumed kick-ass HP hardware in the pipeline running webOS, we imagine this should all dovetail nicely. On a related note, Rubinstein again drove home the point that they're developing new hardware "aggressively," so let's hope we finally see a Pre 2, a Palmpad, or heck, a frickin' LifeDrive 2 in the next few months.
Palm files 8-K with SEC on merger, VP of PR Lynn Fox leaving
Okay, we've got lots of Palm news tonight, so take our hand and let us walk you through it. For starters, the company filed a 8-K report with the SEC today, which is a requirement when major changes (e.g. a merger with HP) are happening. According to the paperwork, the transaction / acquisition was expected to close by July 1st... but it might actually be anytime within the first week of July. A PreCentral forums member claims to have listened in on a shareholding meeting today and heard that from VP of Investor Relations Teri Klein. Additionally, he also heard that under HP, current Palm CEO Jon Rubinstein will head up a smartphone / mobility unit that's culled from both his company and another HP unit. Finally, news has come in this evening in that VP of Public Relations Lynn Fox is joining the likes of Matias Duarte, Rich Dellinger, and Caitlin Spaan in leaving Palm. Though we understand she's staying with Palm through next week, she is definitely not sticking around -- according to her Facebook page, Fox "respectfully declined the opportunity to join HP after its acquisition of Palm" and will be pursuing other opportunities. So, when can we get back to talking about those mysterious new webOS devices? That aren't printers?
webOS 1.3.5 coming to CES: better performance and more app storage, says Palm CEO
Here's something to glean from Palm's recent quarterly call, besides the still less-than-profitable fiscal number, of course. CEO Jon Rubinstein divulged that yes, we will indeed be seeing webOS 1.3.5 during CES early next month. Even better, we got some insight into what we'll be expecting from the update: more application storage (hooray!), better WiFi / app performance, improved battery life, and "increase Pixi speed and responsiveness" -- interesting that Pixi is called out solo for that last one, but we're not about to read too much into that just yet. Good news all around, but let's hope there's still a surprise or two left in store come January 7th.
Palm closes recapitalization deal with Elevation Partners
No surprises here, but Palm's "strategic recapitalization" effort has officially been closed. Just months after shareholders gave a collective thumbs-up to the idea (hey, who can say no to Bono?), Elevation Partners has indeed "invested $325 million in Palm, which the company will utilize along with existing cash and $400 million of new debt to finance a $9-per share cash distribution." Additionally, a number of new faces have been appointed jobs within the outfit, and the "total number of directors on the board has been increased from eight to nine." Ed Colligan, Palm's president and CEO, proclaimed that this "transaction has laid the groundwork for the firm to recapture its position as the leading innovator and brand of the mobile-computing revolution." Now that's the spirit, Ed.[Via mocoNews]
Rubinstein retained as Apple consultant
Back in March, John Rubinstein resigned from his position as senior vice president of Apple's iPod division - but it appears that one does not quit Apple so easily. John has apparently been retained as an Apple consultant, cutting a deal to work the equivalent of one business day per week until April 16th of 2007. For his services, Macsimum News is reporting he will be compensated "a non-material flat fee."
