Palm CEO Ed Colligan confirms the new OS that would power future generation Palm devices won’t be up till end of 2008. Thou it was schedule to be launched this year, the engineers screwed up and the dates pushed backed gradually leading to a final confirmed delay today.

The new OS which is powered by Linux should come sometime in fall 2008 and will come host of new features, it may include some portions of the Foleo code which seemed to be scraped for good by Palm. But don’t take Palm for granted and especially their engineers.
[Palm Info Center]

Palm has confirmed Palm 500v as a real deal after lots of recent speculations with the leaked pictures and stuffs. The 500v is coming in two colors rather dull colors “glacier white” and “charcoal black”. They have abandoned the the old blocky design to a more “a la Blackberry” setup. It will be running Windows Mobile 6, won’t have the touchscreen interface that was previously reported. But will sport 3G / UMTS data (no HSDPA sorry guys!), IM, push email a 2-megapixel camera, Bluetooth 2.0, 150MB of internal memory and expandable via a microSD slot, also the QWERTY keypad looks awesome. Vodafone will get the first shipments in October but it isn’t the exclusive carrier it will be free on most contracts. Atlast Palm is trying something new to bring back the lost press buzz and the customers.

 Nokia seems to be in the race to acquire Palm Inc, the company behind that Treo. With a possible target price of around $20 per share, thats somewhere around 2 Billion dollars.

Thou the Treo brand is flying high, there stills some clouds hanging over the future of Palm.Its facing problems increasing threats in the hardware segments with companies like HTC, Nokia, Samsung, RIM, and Motorola that are getting into their niche, on top of that the ever looming threat of the iPhone. Besides this Windows mobile is gradually making its mark on the smartphone segment making it hard for Palm to compete.