palmOne focus on Smartphone market and reduces workforce
Posted on 22-Jan-2004 07:29
Filed under: News
palmOne announced it has initiated a second phase of the integration process that began when the company acquired Handspring on October 2003. The company is rebalancing the investment levels in its handheld computer and smartphone product families, and reducing its work force by about 100 people, or 12 percent. After the work force reduction, palmOne will have approximately 740 employees.
palmOne is the name adopted in October 2003 by Palm , Inc., when it spun off PalmSource and acquired Handspring. Their line of products include the Zire, Tungsten and Treo subbrands. PalmSource continues to make the Palm OS platform software.
"We intend to maintain our lead in the handheld-computer category with new, innovative solutions while we shift more investment toward the higher-growth smartphone category," said Todd Bradley, palmOne president and chief executive officer. "The Handspring acquisition continues to deliver synergies, and tough but strategic decisions coupled with operational discipline enable us to reduce overall spending. We are committed to delivering growth and profitability, and these actions will move us closer to those goals."