PalmSource Keeps Busy Despite Stock Drop

PalmSource stock dropped 18% to $21.59 on Friday and was as high as $26.99 not even two weeks from today, it closed at $20.06 yesterday. Last week First Albany Analyst Mark Murphy said, in a research note, that “we think it will be crucial for PalmSource to sign up a high-volume licensee near-term to make up for soft results from Sony and other current licensees.”

This week it looks as though PalmSource has taken things seriously, they released several new products and services, most importantly the Free Palm OS Developer Suite 1.0, this will be used to enable the development of next generation multimedia and wireless applications for ARM- and 68K-based Palm Powered devices.

“Palm OS Developer Suite 1.0 integrates all the various tools for project building, editing, compiling and debugging, making it easier to develop ARM-native applications for Palm OS,” said Tim Norman, co-founder of NormSoft, a leading Palm OS developer and creator of Pocket Tunes. “PalmSource has done a superb job documenting the changes since Palm OS 5 and have developed a great introduction to using the Palm OS Developer Suite and associated tools.”

They also released an enhanced update of Palm OS Cobalt, Palm OS Cobalt 6.1. This version is designed to accelerate the development of next-generation Palm Powered smartphones and wireless devices, it provides integrated telephony features, support for WiFi and Bluetooth and enhancements to the user interface.

The PalmSource Web Browser 3.0 released today as well will provide Palm Powered smart mobile device users a rich browsing experience along with an intuitive, easy to use navigation capability. It is built on the ACCESS NetFront core technology and will support the latest W3C standard specifications including WAP 2.0, HTML and XHTML.

Finally, PalmSource Installer for Palm OS was released to simplifiy downloading and installing applications over the air (OTA) and via HotSync.


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