
Palm, the U.S. handset maker known for its PDAs and Treo smartphones, has been struggling for sometime to regain its status as a leader in the business phone space, but recent developments, including massive financial losses, layoffs and a failed product launch, suggest the company may finally be on its way out.
The past year has been particularly rough on Sunnyvale, Calif.-based Palm, with rivals like Research In Motion (RIM), Nokia and High Tech Computer (HTC), announcing various new devices and product innovations while Palm’s flagship product, the Treo, has mostly kept the same look and functionality it’s had since 2003, when the Treo 600 was first launched. RIM and HTC have also both been successful in penetrating the vast consumer market, while Palm and its Treo 680 smartphone, the first Treo aimed at consumers, hasn’t built much of a user base. (Perhaps because the Treo 680 looks just like its bulky Treo siblings, expect for a lack of an external antennae, which has become a Treo fixture and the fact that it comes in a variety of colors. It also featured the same old Palm OS, which hasn’t received a major upgrade in five years.)
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