Palm cancels Foleo, World yawns

Ed Colligan, CEO of Palm Inc announces the cancellation of the least-useful thing Palm ever almost-shipped. There's a lot of praise for his 'bold decision' in the comments. Hello? He made the decision, 3 months ago, to tout the Foleo as the next big thing in mobile. He should be begging for another chance, but then I'm not a shareholder:

Jeff Hawkins and I still believe that the market category defined by Foleo has enormous potential. 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. We're not going to speculate now on timing for a next Foleo, we just know we need to get our core platform and smartphones done first.

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