As the consumer market continues to rave about the new Palm Pre, the financial markets are reacting positively to another Palm bombshell: a new CEO.On Wednesday, Palm appointed Jon Rubinstein, 52, as its new CEO. Ed Colligan, 48, who served as Palm’s chief since 2005, is stepping down. Colligan served in leadership positions at Palm for 16 years.
Colligan plans to take some time off, then join Elevation Partners, a newly formed private equity firm that makes large-scale investments in market leading media, entertainment and consumer-related businesses.
Click here to read the rest of my story on Top Tech News.
June 12th, 2009
While consumers wait to find out how much AT&T is going to charge for iPhone 3GS data 
packages — and how much the wireless carrier will ultimately charge existing iPhone customers to upgrade to the third generation of the market-shaking device — Apple is setting new pricing standards in the smartphone industry.The iPhone 3GS is up to twice as fast as the iPhone 3G. It offers twice the capacity for the same price with a 16GB model for $199 and a 32GB model for $299. The iPhone 3G is now available at $99 for the 8GB model. Keep in mind that the $99 price is not for a refurbished handset from Best Buy. These are brand new phones.
“Apple raised the bar once again in terms of technology and features and it remains the standard for everyone else to try to emulate,” said Michael Gartenberg, a vice president at Interpret. “But at the same point Apple redefined price performance as well with the $99 iPhone and that’s going to put a lot of pressure on the competition to respond.”
Click here to read the rest of my story on NewsFactor.
June 12th, 2009
