Some of you may recall back in May when Palm announced their Linux-based notebook that was designed to be extremely portable and disk-less. Countless Palm fans were excited for the launch of Foleo which featured a 10-inch screen, a full-sized keyboard, and would connect wirelessly with your Palm smartphone. While there were plenty of fans, there were those like Engadget who just two weeks ago, wrote an open letter to Palm and suggested that they “stop wasting money on the Foleo – we all know it isn’t going anywhere.” As it turns out, Palm must have realized it wasn’t going anywhere anytime soon, and so they’ve canceled the Foleo.

In the announcement, Ed Colligan, Palm’s CEO says “Because we were nearly at the point for shipping Foleo, this was a very tough decision. Yet I am convinced this is the right thing to do. Foleo is based on second platform and a separate development environment, and we need to focus our efforts on one platform.” While Palm is ditching the Foleo, their CEO did promise that a Foleo II would be coming at some point in the future, although he didn’t give any indication of when that would be. It would be based on the new platform he mentioned that they’re currently focusing all of their efforts on.

All I can say is that I really feel for the team who put all of the time and effort into developing the Foleo, only to watch all of their work go out the door so close to launch. That’s got to be a huge disappointment for them. And the fact that Palm just tossed out $10 million for this failed project has got to sting! I believe Palm has a rough road ahead as they compete with the BlackBerry and the iPhone. Hopefully their new platform will give them the boost that they need to get back into the game.

There Are 5 Comments

  1. :cry: I think I was the only one looking forward to this one, as it would be a cool light weight device used for Internet and stuff. It looked pretty cool which nice and slim design (like a MacBook but not as expensive). Oh well, maybe something else will come out along the same line.

  2. I think the pricetag on that sucker was around $500, and I would rather put my money on the Eee PC. That way I can install my own apps as well.

  3. Mohan wrote:
    :cry: I think I was the only one looking forward to this one, as it would be a cool light weight device used for Internet and stuff. It looked pretty cool which nice and slim design (like a MacBook but not as expensive). Oh well, maybe something else will come out along the same line.

    You definitely weren’t the only one looking forward to it – I saw plenty of people complaining about it this morning. And I’m sure something else will be coming out eventually to replace the Foleo – and hopefully it’ll be even better.

  4. $10 million is not too much money to waste when you consider that they developed a real product with this money (even if it didn’t get to market). Compare this with the $2 billion that Google are apparently about to spend on a crappy web site (FaceBook):

    Call me old fashioned, but I can’t really see how a website should be worth this much, when you compare the development (and administrative) effort compared to a real multi billion project like the design of a new passenger aircraft.

  5. Dominic wrote:
    $10 million is not too much money to waste when you consider that they developed a real product with this money (even if it didn’t get to market). Compare this with the $2 billion that Google are apparently about to spend on a crappy web site (FaceBook):

    Nice…that really puts the amount of money into perspective.

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