Palm's New Dough—and New Blood

With onetime Apple bigwigs on board and new funding from Elevation Partners, Palm is poised to compete with the iPhone

Former Apple executive Jon Rubinstein had a knack for keeping the company's product development team on track. "He drove the development of innovative products with rapid product cycles," former Apple Chief Financial Officer Fred Anderson says of Rubinstein. A result of that effort was the iconic, best-selling iPod digital music player.

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