Palm cancels first-generation Foleo

[NewsBot]

*Source: News.com (http://news.com.com/8301-13579_3-9770830-37.html)*
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Faced with biting criticism of the Foleo, a Linux-based psuedo-laptop gadget, Palm has decided to cancel the first generation of the device.

Palm CEO Ed Colligan broke the news on Palm's official blog (http://blog.palm.com/palm/2007/09/a-message-to-pa.html) Tuesday after the close of the stock market. Just last week, a financial analyst predicted that Palm would have to delay the Foleo's launch (http://news.com.com/8301-13579_3-9765256-37.html) until September or October because of serious software-related bugs, but Colligan decided to kill the entire project instead.

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