Palm CEO Ed Colligan has announced that the Foleo is to be no more. He says that his company will concentrate more of its efforts on their next generation platform and the smartphones that will be a part of it. He said that

when they work on Foleo II it will be on that same platform rather than a separate one.

Although it is costing Palm about a $10 million loss, Colligan mentioned that it was a small price to pay to

move forward. We recall wondering why the Foleo was larger than the device it was created to work with, so perhaps with this decision Palm has finally created a kind of symmetry in their part of the technological world.