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Palm can stay independent says CEO

Posted on Friday, April 23 2010 @ 13:50:19 CEST by

Palm CEO Jon Rubinstein insists his company can survive as an independent company, but he added that Palm would consider takeover offers. Rubinstein is optimistic about the company's pipeline of products in the future, and believes cash can be raked in by licensing the webOS operating system to other smartphone makers. More info at FT.
Jon Rubinstein, chief executive, said that Palm would look at letting other mobile manufacturers use its critically acclaimed smartphone operating system in a move that could boost the company’s revenue.

But he also acknowledged Palm would consider takeover offers after the lossmaking company appointed banking advisers to examine all options including a sale.

Palm’s revenue warning in February underlined how it is struggling to gain the scale necessary to survive in the highly competitive smartphone market, which is led by Apple’s iPhone.

Mr Rubinstein, however, said he was “bullish” about Palm’s long-term prospects. “I believe Palm can survive as an independent company,” he told the Financial Times. “We have a plan that gets us to profitability.”



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