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Palm to Announce Nova at CES

According to numerous reports, Palm will announce the long awaited replacement for their current OS at CES next month. Palm is due to unveil the long-awaited operating system, code-named Nova, as well as the first of a family of products that will run on it.

Palm needs to hit its mark. The company has lost share and its stock price has plummeted 80% since Rubinstein joined. With about six quarters of cash currently in the bank, Palm's last best hope may be Nova, to be released by mid-2009. Cash-strapped carriers are loath to take on the cost of supporting another platform and software developers are busy building software for other devices, including the iPhone, BlackBerry, and phones that use Google's (GOOG) Android software. "If they can't show me a large, active audience, I'm not going to be interested," says Jeff Holden, CEO of Web 2.0 company Pelago, maker of a social networking tool for the iPhone. "At this point in the game, you're toast unless you have something completely unbelievable."

BusinessWeek

Posted by | Mon, Dec 15, 2008 - 10:28 AM