Interesting newsweek article:

He immediately decided on a radical course—killing off almost all of Palm's products and projects except for a couple of "transitional" devices that could keep sales coming in while engineers toiled away on Nova. Rubinstein brought in a slew of new executives, replacing all of the executives in engineering and much of the engineering staff.

This crash course of paring the company back to its core is exactly what Apple did a decade ago. Jobs and his team killed off dozens of products, leaving Apple with only four things to sell: two laptops and two desktop PCs.

Then they put a huge amount of effort into developing a new operating system, called OS X, which would become Apple's key product in the decade to come. Now, at Palm, "we're using the exact same playbook," Rubinstein says.
http://www.newsweek.com/id/178536/page/2