PalmSource CEO resignation comes as a surprise

Alexander Turcic · 05-23-2005, 10:15 AM

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]

Colin Dunstan · 05-23-2005, 10:50 AM

You could say the timing wasn't chosen wisely.

Pride Of Lions · 05-23-2005, 11:41 AM

It makes me wonder if he didn't want to answer the tough questions at the conference or take any responsibility for the position of the company.

Not a good sign, at all.
POL9A

hacker · 05-23-2005, 12:44 PM

Actually, this is a great sign!

As anyone who has followed the course of Palmsource since Nagel signed on would agree that he was a "boat anchor" for the company. He lacked real clarity and vision in this industry.

I speak from experience here, because back in 2000, I spoke with him directly at Palmsource about the direction their tools were going, ignoring 2/3 of the operating system markets they could be embracing. He basically dismissed me like I was some sort of "reporter" with the media. He insisted "...everything is moving to Windows". I outlined for him a simple path to cross-platform tools and development that would give them better penetration into larger markets.

He ignored me then, and now look where they are... looking for cross-platform tools to increase their penetration in other markets.

No no, Nagel leaving Palmsource could be the best thing for them! Don't give up the ship yet... brighter things could be coming.

Alexander Turcic · 05-23-2005, 01:43 PM

I just talked to Bob who is already in San Jose for the Mobile Summit. He thinks this latest development will make the conference a lot more interesting. Also, it is perhaps not a bad move by Nagel to leave before it starts (tomorrow) to give the company the chance to talk and discuss the "leadership transition" with everyone else who is present and interested in PalmSource.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Hi from Surprise, AZ	dbarthel	Introduce Yourself	9	01-24-2010 07:36 PM
PayPal Surprise	dwallbaum	Lounge	30	07-13-2009 12:43 AM
Perhaps this will surprise you!	shousa	Workshop	4	02-13-2008 10:51 PM

05-23-2005, 10:50 AM	#2
Colin Dunstan Is papyrophobic! Posts: 1,926 Karma: 1009999 Join Date: Aug 2003 Location: USA Device: Dell Axim	You could say the timing wasn't chosen wisely.

05-23-2005, 11:41 AM	#3
Pride Of Lions just kinda geeky Posts: 381 Karma: 30 Join Date: Apr 2003 Location: Oakland, California Device: iPhone	It makes me wonder if he didn't want to answer the tough questions at the conference or take any responsibility for the position of the company. Not a good sign, at all. POL9A

05-23-2005, 12:44 PM	#4
hacker Technology Mercenary Posts: 617 Karma: 2561 Join Date: Feb 2003 Location: East Lyme, CT Device: Direct Neural Implant	Actually, this is a great sign! As anyone who has followed the course of Palmsource since Nagel signed on would agree that he was a "boat anchor" for the company. He lacked real clarity and vision in this industry. I speak from experience here, because back in 2000, I spoke with him directly at Palmsource about the direction their tools were going, ignoring 2/3 of the operating system markets they could be embracing. He basically dismissed me like I was some sort of "reporter" with the media. He insisted "...everything is moving to Windows". I outlined for him a simple path to cross-platform tools and development that would give them better penetration into larger markets. He ignored me then, and now look where they are... looking for cross-platform tools to increase their penetration in other markets. No no, Nagel leaving Palmsource could be the best thing for them! Don't give up the ship yet... brighter things could be coming.

05-23-2005, 01:43 PM	#5
Alexander Turcic Fully Converged Posts: 18,163 Karma: 14021202 Join Date: Oct 2002 Location: Switzerland Device: Too many to count here.	I just talked to Bob who is already in San Jose for the Mobile Summit. He thinks this latest development will make the conference a lot more interesting. Also, it is perhaps not a bad move by Nagel to leave before it starts (tomorrow) to give the company the chance to talk and discuss the "leadership transition" with everyone else who is present and interested in PalmSource.

Advert

Advert