Palm cancels release of Foleo
From Times Wire Services
Palm Inc. has canceled plans to release a laptop-like gadget that was supposed to serve as a smart-phone companion, months after it was announced and ridiculed by analysts.
The Foleo looked like a small notebook PC with a 10-inch screen, full-sized keyboard and Bluetooth and Wi-Fi capabilities.
Chief Executive Ed Colligan said the Sunnyvale, Calif.-based company would take a charge of less than $10 million.
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