Palm confirmed that the production of the Foleo mini-laptop was canceled, the cancellation is noted by its Chief Excetive Ed Colligan. As replacement, the Palm will develop Foleo II, but why? According to Mr. Colligan, the Foleo was going to far from Palm’s other devices.

“Foleo is based on [a] second platform and a separate development environment, and we need to focus our efforts on one platform. Our own evaluation and early market feedback were telling us that we still have a number of improvements to make Foleo a world-class product, and we can not afford to make those improvements on a platform that is not central to our core focus. That would not be right for our customers or for our developer community. Jeff Hawkins and I still believe that the market category defined by Foleo has enormous potential,” Colligan added.

“When we do Foleo II it will be based on our new platform, and we think it will deliver on the promise of this new category. We’re not going to speculate now on timing for a next Foleo, we just know we need to get our core platform and smartphones done first.”

As you know this cancellation costs $10 million, wow.

Via FOXNews | Find and buy Palm Handheld at Amazon