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NEW YORK (AP) - Treo maker Palm Inc. will not release its smartphone companion product, the Foleo, Chief Executive Edward Colligan said in a posting on the company's blog.
The product, which was announced in May and supposed to be released during the summer, looked like a small laptop and was said to incorporate a 10-inch screen, full-sized keyboard and Bluetooth and Wi-Fi capabilities. The Foleo was to use a Linux-based operating system and did not have a hard drive.
In a post on The Official Palm Blog late Tuesday, Colligan said the company decided to cancel the product and focus instead on its next-generation operating system and the initial smartphones that will work with it. He said the company will take a charge of less than $10 million for not releasing the product.
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