Sunday, December 16, 2007

Palm RIP?

Remember Palm that handheld manufacturer and one of the first to offer an ebook reader?

Palm, which has a worldwide staff of 1,150 has announced that it is lay off around 10% of its staff. Palm has struggled against stiffening competition on all front over the past year. Palm warned last week that it now expects to post a second-quarter loss and revenue is expected to some $20million below expectations.

Interesting, one has to look hard to find even a mention of an ebook reading capability and they obviously aren’t going to be a big player in the ebook world which shows the fickleness of the market.