Exciting Changes at Palm! Finally.
The WSJ is reporting that Palm is “selling a 25% stake to Silicon Valley private-equity firm Elevation Partners in a deal that will bring former Apple Inc. executives to the maker of hand-held electronic devices.”
“The deal brings important new personnel to Palm, including several top executives who worked at Apple in the late 1990s and earlier this decade. Jon Rubinstein, Apple's former head of hardware who helped pioneer the hit iPod music player, will join Palm as executive chairman and head up product development, according to people familiar with the matter.”
“Fred Anderson, a partner at Elevation and a former Apple chief financial officer, will join Palm's board…”
I think this is great news and should get Palm off their a$$es and start makin cool stuff again. Getting some serious talent from Apple and, perhaps more importantly, adding some demanding investors should make things happen. I'm giving them until the end of the year and hangin onto my Palm TX.