Given the fact that this should be a happy week for PalmSource (the PalmSource
DevCon begins tomorrow), it was making my hair stands on end when I just read at
PalmAddicts that PalmSource CEO
David Nagel has stepped down as president, chief executive officer and director.
Quote:
The company, in a statement, gave no reason for Nagel's departure, which was effective on Sunday. PalmSource officials could not be reached immediately for further comment.
PalmSource named Patrick McVeigh, 53, senior vice president, worldwide licensing, as interim CEO while the board searches for a permanent replacement.
Nagel, 60, will stay at PalmSource through mid-July in an advisory role.
|
PalmSource stock is already down by 1%, dangerously nearing the 52wk low of $8.25.
[via
Reuters]