Palm cans the Foleo, but promises Foleo II

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There’s been negative buzz around Palm’s Foleo ever since it was announced, including the recent reports that it was being delayed due to problems synchronising with Treo smartphones (which was its USP). Now Palm has announced that it’s canning the Foleo before its release, taking a $10 million hit for its trouble.

“I have decided to cancel the Foleo mobile companion product in its current configuration and focus all of our energies on delivering our next generation platform and the first smartphones that will bring this platform to market,” writes CEO Ed Holligan on the company’s official blog. “Foleo is based on second platform and a separate development environment, and we need to focus our efforts on one platform.”

However, Colligan says Palm still thinks there’s a niche for a cut-down laptop device that interfaces with smartphones. “When we do Foleo II it will be based on our new platform, and we think it will deliver on the promise of this new category,” he writes, while declining to set a release date for it.

Palm Foleo blog post

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Stuart Dredge