Palm folds the Foleo

Yowsa! Now I feel like an idiot for running a detailed look at Palm's handheld “companion” device, following a post on Palm CEO Ed Colligan's blog that the device will not be launched as planned. He did make mention of a “next Foleo,” suggesting that the device will eventually see the light of day, but good luck getting much interest from buyers now.

This shows two things: that the media (including myself) are sometimes too quick to give attention to products and services that are half-baked — does anyone carrying a handheld really need another item to lug around? — and that Palm is in dire straights. You don't make an announcement like this unless shareholder pressure is starting to get to you. I still think the design had some decent features. Let's hope some of the more savvy notebook OEMs out there will be influenced by them.