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Palm have been flailing since about 2002. First they spun off PalmSource, then they acquired the dev team from BeOS and announced a new OS, then the new OS tanked, then PalmSource announced they were developing a new-new Linux based OS, then Palm tried to re-acquire PalmSource and were beaten to the post by Access (a Chinese smartphone developer) ... it's an insane mess, with no less than four dead-ends along the way. And that's before we get to the Foleo (right idea, six months too early, too little horsepower, crap marketing plan).
All it'll take to kill Palm will be for Apple to get their second-generation iPhone out in time, with smartphone features like document editing (and it's rumoured that Dataviz are highly interested in porting Documents to Go to the iPhone platform). What it'll take for Palm to make a come-back is rather harder to discern (although I'm not writing them off completely just yet) ...
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