Palm CEO bullish on its prospects for absolutely no reason

Look, if you’re the CEO of an ailing company, you have to spew some bullshit, but Palm’s leader just doesn’t seem to be in touch with reality.

CEO Jon Rubinstein had a grand vision for Palm’s phoenix-like resurrection: introduce some bad-ass software that’s tightly integrated with some hot hardware and then watch the money pile up. I still think webOS is the best 1.0 smartphone operating system I’ve ever seen – it’s elegant and has great interaction metaphors. Unfortunately, a dumb marketing strategy combined with a lack of killer hardware means Palm is on death’s door as an independent company. Or so it would seem to a rational person.

“I believe Palm can survive as an independent company,” Rubinstein told the Financial Times. “We have a plan that gets us to profitability.”

He said the company will consider licensing out webOS, which could bring in a few ducets but could also lead to fragmentation and a poor overall experience. On the positive side, Rubinstein said it would consider takeover bids – which is no surprise because it reportedly put itself up for sale last week.

Who wants Palm? Well, the suitors are dwindling by the day apparently. I hoped HTC would buy Palm to help it battle Apple’s lawsuits and give it a spiffy OS of its own, but that’s not going to happen. It looks like Lenovo is the leading contender now and that could make sense for both parties: Palm gets the resources it needs to push webOS at scale and Lenovo gets an easy way into the U.S. market.

[Via The Financial Times]

  • Jon

    Marin, this just posturing to make sure Palm can squeeze pennies out of potential buyers. It’s a position any CEO would take to make the situation seem less like a fire sale.

    • Marin Perez

      Exactly. Well, $1.2 billion’s not too bad, I guess.

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