Between the Lines

Larry Dignan, Andrew Nusca and Rachel King

Palm injects Apple DNA: Colligan out as CEO; Rubinstein in

By | June 10, 2009, 2:15pm PDT

Palm on Wednesday named Jon Rubinstein as chairman and CEO. Ed Colligan, Palm’s chief for 16 years, is stepping down. With the move, Palm gets some Apple DNA in its executive suite.

Rubinstein takes over June 12 and Colligan will join Elevation Partners, which has bankrolled Palm’s Pre launch. As for that Apple DNA, Rubinstein helped cook up the iPod and led the unit.

In a statement, Rubinstein said that Palm has strong assets, including the WebOS. Rubinstein reckoned that the WebOS has “ten-plus years of innovation” ahead of it. Rubinstein will make his debut when Palm reports its fourth quarter results June 25. Palm is expected to lose 64 cents a share in its fourth quarter, but the focus on the conference call will be on Pre sales.

Also see: All Palm Pre content

Gallery: Here’s what’s inside the Palm Pre

As for Colligan he said he was proud of what Palm has accomplished.

Overall, the Pre launch makes a nice transition to new leadership. Rubinstein’s appointment to CEO will make Palm an interesting company to watch going forward.

Time will tell if the Pre saved Palm and gives Rubinstein the runway to ressurrect the company. The initial sales of the Pre were strong, but analysts expect it to be a slow ramp in terms of units.

More reading: News without numbers: Sprint says Pre set sales record

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

Disclosure

Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

For daily updates, follow Larry on Twitter.

Talkback Most Recent of 3 Talkback(s)

  • Job security
    When Palm folds, he can move on to Microsoft and help them
    design Zune v9, v10, etc.
    ZDNet Gravatar
    Userama
    11th Jun 2009
  • He served well @ Apple for years
    I wish him and Palm well. Apple is doing a fine job but could
    use some serious competition. As screwed up as Palm has been and gave
    them up for dead I still have a soft spot for them as an early Palm adopter... but man I'm tight with the iPhone/iTunes/Apps/Cloud big
    time!
    ZDNet Gravatar
    dropzone@...
    11th Jun 2009
  • RE: Palm injects Apple DNA: Colligan out as CEO; Rubinstein in
    Granted, Palm certainly isn't out of the woods yet, but I think it's a little early to be talking about "when" Palm folds. In fact, the Pre seems to be a success for them. The decisive factor will be whether or not they can ramp up production to meet demand. It's a thorny problem, but when you were all but left for dead six months ago, it's not a bad problem to have.
    ZDNet Gravatar
    bhartman36
    11th Jun 2009

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