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  1.    #1  
    Hi all, I just found the following info:

    June 10, 2009
    Palm Appoints Ex-Apple Whiz as Chief Executive
    By THE ASSOCIATED PRESS
    Filed at 7:31 p.m. ET

    SUNNYVALE, Calif. (AP) -- Jon Rubinstein, a former executive behind Apple Inc.'s iPod, on Wednesday was named chief executive of smartphone maker Palm Inc., replacing Ed Colligan who is stepping down after 16 years with the company.

    The appointment, effective Friday, comes just days after Palm launched the $200 Pre, a well-regarded rival to Apple's blockbuster iPhone device.

    Rubinstein, 53, will remain executive chairman, a post he assumed in October 2007 to help bring innovation back to the company. He said in a statement he was excited about his expanded role.

    ''With Palm webOS we have 10-plus years of innovation ahead of us, and the Palm Pre is already one of the year's hottest new products,'' he said.

    Palm said Colligan, who had also served as president, plans to take some time off before joining Menlo Park, Calif.-based private equity firm Elevation Partners.

    Palm shares rose 21 cents to $12.20 in after-hours trading, after closing down 71 cents, or 5.6 percent, at $11.99.

    Apple shares fell $2.47 to close the regular session at $140.25.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2.    #2  
    This post was updated with more background information on Palm and at 3:10 p.m. PDT with analyst comment.

    Palm announced Wednesday afternoon that Jon Rubinstein will become the new chairman and CEO of the smartphone maker. Ed Colligan will step down as Palm's chief after 16 years with the company.

    Rubinstein joined Palm as executive chairman in October 2007 and will take over as CEO on June 12. Colligan will take some time off, then join Elevation Partners, the private equity firm that has a 25 percent stake in Palm. Rubinstein's appointment now appears to explain why it was him and venture capitalist and Palm backer Roger McNamee who showed off the Pre at last month's D: All Things Digital event.

    In a press release issued by Palm, Rubinstein said, "I am very excited about taking on this expanded role at Palm. Ed and I have worked very hard together the past two years, and I'm grateful to him for everything he's done to help set the company up for success."

    Colligan's departure means Palm is severing one of the last remaining ties to the company's days as a pioneer of the handheld market. As an early employee of Palm, Colligan left with Donna Dubinsky and Jeff Hawkins to form Handspring and returned when Palm bought Handspring in 2003. Colligan became CEO later, after Todd Bradley resigned in 2005.

    Rubinstein is a former Apple executive, and retired as the head of the company's iPod division in 2005. Now, he takes over Palm right as the company begins to mount a comeback in the smartphone category by staking its Pre device directly against Apple's popular iPhone. The Pre was first introduced in January, but finally went on sale last Saturday.

    Reviews of the Pre have been good, the general consensus being that it's a fine alternative to the iPhone. But while Pre sales have broken records at Sprint, the phone's exclusive carrier, they're low when compared to Apple's initial sales of the iPhone in previous years.

    For many industry observers, Rubinstein's appointment was not a surprise.

    "This had been a strange (management) relationship for quite a while," analyst Michael Gartenberg said. "It has been clear to most observers that Jon has been calling the shots for quite some time. This just formalizes it. It was very clear Palm's investors had brought Rubinstein in to run the company."

    Palm's stock rose slightly, 2.25 percent to $12.26, in after-hours trading
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  3. #3  
    Hopefully he continues to incorporate some of the items that made Apple this successful.
  4. EWT
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    #4  
    I've always wondered why Colligan hung around as long as he did. It seems clear that Rubenstein has been running the show for awhile already.
  5. #5  
    I disagree, the apple influence already dumbed down the Pre. It's evident in the overall design and lack of PIM usability.
    Quote Originally Posted by hchavarria View Post
    Hopefully he continues to incorporate some of the items that made Apple this successful.
    Pixi: Sold. Pre: Passed off to another rep. Touchpad: Just a toy until Cloud syncing arrives, and a better doc editor.

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