Palm's Jon Rubinstein has made it clear that he still believes in the struggling smartphone maker. Rubinstein is open to takeover offers, but sees another way forward. From Rubinstein's point of view, Palm has one main asset, and that's WebOS. While Palm's hardware isn't selling well, many tech enthusiasts drool over WebOS and what it's capable of. Rubinstein said he is looking into licensing WebOS to other smartphone makers to boost revenue.
After the February revenue warning that Palm would miss expectations, the stock has been in free fall, interrupted only by occasional rumors of an outside takeover. Still, Rubinstein is positive saying, "We have a plan that gets us to profitability.” That apparently includes developing new handsets, which could be their best bet. The Pre was announced over a year ago and has long since been eclipsed by a new iPhone and the Android explosion.
Whether or not Palm continues on as an independent company, Rubinstein intends to give it his best shot. We're particularly pleased to hear Palm is moving ahead with new hardware, as we really are impressed by WebOS. We'll just have to see how much slack Palm's main backers, Elevation Partners, are willing to give the besieged company. So is Palm going to make it, or not?