Palm girds for battle by trying to sell one-quarter of itself, bringing Foleo developers onboard
Days after unveiling Foleo, Palm announced plans to sell off about a quarter of the company to Elevation Partners, an investment firm run by Fred Anderson, and associated with corporate housecleaning. As CFO, Anderson helped engineer Apple's most recent turnaround.
In less interesting news, Astraware will bring Soduku and Solitaire to the Foleo, and MotionApps will offer its mDayscape personal information manager for the device.
If Palm can only get the price of the Foleo down from $400 to $300, then we'll talk.