Monday, May 23, 2005
PalmSource CEO David Nagel Resigns
Posted by Ed Hansberry in "THE COMPETITION" @ 01:30 PM
http://news.com.com/PalmSource+chief+steps+down/2100-1014_3-5716543.html?tag=nefd.top
"Nagel, who resigned as of Sunday, has been replaced by Patrick McVeigh, PalmSource senior vice president of worldwide licensing and sales. McVeigh will serve as interim CEO as the company initiates a search for a permanent replacement. Nagel will remain as a company adviser through mid-July to help with the transition, PalmSource said Monday. The company declined to comment on the reasons behind Nagel's resignation, but one analyst said he believes it was based on PalmSource's performance."
The announcement isn't helping their stock much. In a day when the NASDAQ was up half a percent, PalmSource dropped 1.33%. Their stock has lost over half its value in the last six months. There seems to be much rejoicing in the Palm fan community.
I don't think I need to go into details about my thoughts on a variety of OSs that have non-preemptive multitasking, no real file system, an inconsistency of apps across products for key features (email, media players), single categories for items, 1KB clipboard, etc. You can read this article for a list of things that have gone wrong with the PalmOS over the past few years. Seems like there hasn't been much progress, just lots of handwaving.
"Nagel, who resigned as of Sunday, has been replaced by Patrick McVeigh, PalmSource senior vice president of worldwide licensing and sales. McVeigh will serve as interim CEO as the company initiates a search for a permanent replacement. Nagel will remain as a company adviser through mid-July to help with the transition, PalmSource said Monday. The company declined to comment on the reasons behind Nagel's resignation, but one analyst said he believes it was based on PalmSource's performance."
The announcement isn't helping their stock much. In a day when the NASDAQ was up half a percent, PalmSource dropped 1.33%. Their stock has lost over half its value in the last six months. There seems to be much rejoicing in the Palm fan community.
I don't think I need to go into details about my thoughts on a variety of OSs that have non-preemptive multitasking, no real file system, an inconsistency of apps across products for key features (email, media players), single categories for items, 1KB clipboard, etc. You can read this article for a list of things that have gone wrong with the PalmOS over the past few years. Seems like there hasn't been much progress, just lots of handwaving.
