Palm continued to flaunt its almost inexplicable boost in health in an earnings call yesterday. According to reports, honcho Ed Colligan boasted of a 29 percent gain in smartphone sales year-over-year, largely in part to the stellar performance of the company's budget-priced (with contract) Centro. In light of the recent negative outlook from investors, retail store closings, a constantly delayed OS update, and fierce competition, it's a pretty impressive feat to not only stay afloat, but manage some small victories. Now if they can just deliver on those OS and device promises we keep hearing about, they may stay in this game yet.

[Via Palm Infocenter]

While Palm's CFO Andy Brown wasn't exactly forthcoming with details about its elusive next-gen OS, a recent interview with top dog Ed Colligan revealed quite a bit about codename Nova. As if it wasn't official enough already, we're told that Palm OS 2.0 (which is also not the final moniker) will indeed be Linux-based, and Ed continued to say that it would be "driven around the internet and web-based applications." Of course, a Palm interview wouldn't be a Palm interview without at least some mention of the now-defunct Foleo, and the bigwig left a crack in the rumor drawer by stating that he "still believed the idea would be vindicated some day." Trust us, there's way more where this came from, so head on down to the read link if your interest is piqued.

Palm's latest quarterly results might have been pretty gloomy, with a loss of $9.6M on revenue of $349M and an expected drop in revenue to $310M next quarter, but according to CEO Ed Colligan, the ship is about to be righted. Speaking to analysts during the company's financial results conference call, Colligan said that a combination of cost-cutting measures, a reduction in the number of devices in Palm's lineup, and work on the next Palm OS would revive Palm's flagging fortunes. Ed also said that there was "no acceptable excuse" for missing the launch of the Treo 755p on Verizon in Q4, and that Palm was "done" revising existing products -- instead focusing on "breakthrough" devices and "revolutionary designs." We can only hope he's telling the truth -- and of course, we've got some suggestions for him if he's out of ideas.

Our main man Ed Colligan is on the scene once again, this time giving some serious lip service to investors on the future of Palm and its "upcoming" new OS. According to reports, Ed informed the the crew of dudes and dudettes (via the company's Q1 FY08 conference call) that the Centro systems team and Foleo engineers are "totally focused" on delivering the Linux-based OS (Palm's in-house work, not ACCESS's ALP), and announced that it will be available by the end of the next calendar year. Fleshing out his bold statements, Colligan noted that the new platform will retain the ease of use and developer support of the badly ailing current Palm OS, and that it will enable the company to deliver the UI across various products, including Foleo-like devices. The Palm honcho went on to say that development has gone, "As well as possibly could be expected," and added that the company has no plans to hand over the smartphone market to anyone else, telling investors that its next generation of products will be "revolutionary device types." Just like Fox Mulder, we want to believe -- but it's going to take a lot more than honeyed words to hold our interest, Ed. Hey -- feel free to invite us over to the pad for some hands-on.

In a move that could be described as "totally unsurprising," Palm shareholders have approved the much-discussed partial sale of the company to a private equity firm called Elevation Partners (of which Bono is a member), and also a change in the board of director's makeup. The plan, if you'll recall, is for Mr. MacPhisto and co. to pay $325 million for a 25-percent stake in the company, while Palm itself will pay out a $9 per-share distribution of cash to current shareholders for a reduction in ownership. There will also be a new executive board chair, namely, Johnathan Rubenstein, an Apple alumni who ran the iPod devision from 2004-2006. Fred Anderson (another former Apple officer), and Roger McNamee (a Silicon Valley investor) will also join the board. Our man Ed Colligan said of the switch, "There are a lot of moving parts here, but the goal is to bring in a transformation and change the dynamics of the company," er... okay. Apparently, Palm has hopes that Mr. Rubenstein will help create "innovative products" and "bring them to market quickly." In our dreams guys, in our dreams.

Ok, so we totally weren't expecting this one, but Palm's CEO Ed Colligan publicly responded to our open letter to Palm. He's brief, but he cuts to the quick: "I forwarded it to our entire executive staff and many others at Palm have read it. ...We are attacking almost every challenge you noted, so stay tuned." Wow, um, alright, we'll do just that. Granted, we'd prefer it if Ed would engage us in a chat about the future of Palm -- you name the time and place, Ed, we're totally there! (It's probably worth noting that he's turned down multiple interview requests with us in the past, so you'll all know right quick if that whole transparency thing changes any.)

Read - Our open letter to Palm
Read - Ed Colligan's response

Just a few years late, Palm is finally getting ready to land its users onto a modern Palm-built OS. Ed Colligan, in his Investor Day keynote today, announced that Palm will be launching a homegrown Linux-based OS by the end of the year, with Opera for a browser and the recently acquired Chattermail for messaging. Palm has been secretly at work on this OS for a number of years, and does not plan to license it to other manufacturers. Colligan also says that Palm is going to continue Windows Mobile product releases, and thanks to that handy Garnet license, Palm will be able to show its "commitment to the Palm OS community" by merging Palm OS 5.4 support into its Linux kernel. So, no more ALP dreams for the Palm kids, but this isn't a total surprise either, rumors had been brewing that Palm had something like this up its sleeve -- we just hope it's not too little, 'cause it certainly seems to be too late. On the hardware side, Palm is working on platforms that can be used with either OS, which should speed development time and supposedly result in more device releases, including an expanded product portfolio "to address user segments." What, you mean not every consumer wants a chubby Treo that looks just like every other Treo since the 650? We're shocked!

Read - Ed Colligan keynote
Read - Palm announces new Linux-based OS

"We've learned and struggled for a few years here figuring out how to make a decent phone," Ed Colligan apparently laughed about with John Markoff last Thursday morning. "PC guys are not going to just figure this out. They're not going to just walk in." Ed, baby, sweetheart, a couple quick reminders. First: it's not hard to beat "decent," especially when your phones are on the 2004 cutting edge of design and you still haven't managed to slim it like a Q or WiFi it like an HTC. Second: PC guys already did figure it out -- that's why you're running Windows Mobile on your phones, remember? Not that we really have to continue, but third: as John Hodgman and Justin Long would have us remember, the sad, disgruntled differences between "PC guys" and Mac guys tend to transcend borders and cultures. Gates isn't Jobs, and Steve's phone certainly isn't going to be riddled with the same issues as our beloved WinMo. No, the iPhone will have its own set of annoying issues, but believe you us, Ed, Apple will "just walk in," so you'd better have a few and-one-more-thing-s up those sleeves of yours if you're thinking about stopping a mass defection.

[Via PalmInfocenter]