Palm has finally come it its senses, axing its Foleo smartphone companion. It just took them $10m to get to that epiphany.
That's right, Palm invested nearly $10m in the product that will never see the light of day, chief executive Ed Colligan said in a blog posting (he had to, as it will significantly impact the firm's earnings).
Foleo was only unveiled in May and scheduled to start shipping "this summer" (so before 21 September). It was going to be the best thing ever, for real, according to Jeff Hawkins. And that says something, for Hawkins is credited with piecing together the first Palm pilot and the Treo.
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