Palm's head of software resigns

Senior Vice President of Software and Services Michael Abbott submitted his resignation on April 12.  The same day Palm reportedly went up for sale due to a decline in profits since the release of one of its latest smartphones, the Pre. 

The resignation was revealed after the company submitted a report to the U.S. Securities and Exchange Commission on April 16. Palm also discussed efforts to keep existing employees and executives. 

Palm's senior Vice President of Global Operations Jeffrey Devine and senior Vice President and Chief Financial Officer Douglas Jeffries will receive a cash bonus of $250,000 as well a grant of restricted stock units. The incentives will be given over a two year period providing they do not leave the company.

Michael Abbott was the general manager of .Net Online Services at Microsoft before his move to Palm in 2008. His resignation will be effective April 26, 2010. 

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22 Comments

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Tech-nerd said,
employ steve jobs and palm is up again.
but, how much are u gonna pay him?

That wouldn't help at all, Jobs really is over hyped sometimes.

thealexweb said,

That wouldn't help at all, Jobs really is over hyped sometimes.


I think he's done good for Apple, but lightening doesn't strike twice.

thealexweb said,
That wouldn't help at all, Jobs really is over hyped sometimes.

If there is one thing Steve Jobs can do well, it's sell product.

virtorio said,

If there is one thing Steve Jobs can do well, it's sell product.

all he gotta do is put an apple logo at the back of the pre, and it will sell like hotcakes

Tech-nerd said,

all he gotta do is put an apple logo at the back of the pre, and it will sell like hotcakes

Yep it doesn't really matter now how good or bad Apple products are to an extent now, the press will love and hype anything Apple makes.

Hopefully it will be ok, stock prices will fall as a result (being positive) and some investors will buy up large portions. or another company (like HTC will buy them out) on the down side the stock price could fall, people would panic and dump their shares thus flooding the market, Sinking ship is blown out of the water (lots of interest publicly) and someone may take the chance to put it into receivership (or not) and then it comes down in little pieces and is lost forever

ObiWanToby said,
Palm OS is great, it can't die

It did actually, a couple years back. But I take that you meant WebOS

Edited by flexkeyboard, Apr 17 2010, 10:41am :

Ut oh.... sounds like they are trying to keep people from jumping ship. Surely this cannot be a good sign. Once high profile employees start bailing from a struggling company things tend to go down hill fast. Here's hoping someone steps in and snaps up Palm.

Klethron said,
Ut oh.... sounds like they are trying to keep people from jumping ship. Surely this cannot be a good sign. Once high profile employees start bailing from a struggling company things tend to go down hill fast. Here's hoping someone steps in and snaps up Palm.

Yeah, this doesn't look good at all...

That being said, it's standard to put such plans in place when you are selling the company. Having been on the acquired side 2 times, we received retention bonus to stay until the sale and then past that for at least 1 year.

Edited by pookie62, Apr 17 2010, 2:04pm :