Palm to Debut Nova Operating System Next Month

SUNNYVALE, Calif. — Having seen its market share dwindle during iPhone’s reign and with BlackBerry not too far behind, Palm Inc. is gearing up to make a comeback with its new operating system, code name Nova.

Palm will unveil the software, which it hopes will compete with systems such as Google’s Android, on Jan. 8 at the Consumer Electronics Show in Las Vegas.

The efforts to bring the Nova to market are being orchestrated by executive Jon Rubinstein, who led the development of the iMac and the iPod for Apple. The funding is coming from Elevation Partners, a private equity group ran by former Apple finance head Fred Anderson and financier Roger McNamee and which owns 70 percent of Palm shares.

Although Palm has struggled as of late, it does have relationships in the electronics business and introduced breakthrough products such as the original Palm PDA and Treo smartphone, which paved the way for the BlackBerry and the iPhone.

"The next 10 years is all about the transition from notebook to mobile computing,” Rubinstein said.

In the short term, meanwhile, Palm’s financial performance is off, with sales nearly 50 percent short of analysts’ projections for the current quarter. The company has laid off 10 percent of its workforce and some analysts are skeptical that the Nova is going to do much to turn things around.

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

VR Porn Releases 2023 'Annual Report'

VR Porn has released its Annual Report, highlighting tendencies and popular search terms on the site in 2023.

Aylo Responds to Canada's Privacy Commissioner Report on User-Generated Content Protocols

Aylo has released a statement responding to a report released by Canada’s privacy commissioner, regarding a complaint about user-generated content.

PASS Adds Indie Producer Fivestar to Board of Directors

The Performer Availability Screening Service (PASS) has tapped independent producer Fivestar to join its board of directors.

Kentucky Republicans Revive 'Public Health Crisis' Claims to Justify Anti-Porn Bills

Republican lawmakers in the Kentucky House and Senate are renewing claims that adult content is part of a “public health crisis,” to justify introducing matching copycat versions of the age verification legislation being sponsored around the country by anti-porn religious conservative activists.

Segpay's Cathy Beardsley Named Among American Banker's 2024 'Most Influential Women in Payments'

Segpay CEO Cathy Beardsley has been named one of American Banker’s 2024 Most Influential Women in Payments.

Texas' AG Ken Paxton Sues Aylo Over Controversial Age Verification Law

Republican Attorney General Ken Paxton has filed a lawsuit against Aylo, alleging the company is in violation of Texas’ controversial age verification law, which mandates that adult websites post a “health warning” perpetuating religious anti-porn propaganda myths.

XBIZ Miami's Sagamore Hotel Sold Out, Additional Hotels Announced

Guest rooms at XBIZ Miami’s exclusive conference venue, the iconic Sagamore Hotel in South Beach, are now completely sold out.

Utah Sen. Mike Lee Questions First Amendment Protections for Sexual Content

Utah newspaper Deseret News has published an interview with U.S. Senator Mike Lee, in which he champions ongoing efforts to limit access to adult content online in the name of fighting “porn addiction.”

Conservative Group's Plan to Criminalize Porn Is Part of Campaign to End All 'Recreational Sex'

A 2023 X post by the Heritage Foundation, in which the influential conservative think tank called for an end to “recreational sex,” has resurfaced in the wake of the Alabama Supreme Court’s recent ruling that frozen embryos are legally children.

Chaturbate Signs On as Presenting Sponsor of XBIZ Miami

Premier webcam community Chaturbate has signed on as the exclusive presenting sponsor of XBIZ Miami, slated for May 13-16 at the oceanfront Sagamore Hotel in South Beach.

Show More