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Palm taps AT&T tech chief
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August 27, 2001: 10:09 a.m. ET
David Nagel will lead Palm software unit into status as separate company
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NEW YORK (CNNfn) - Handheld computer maker Palm Inc. named AT&T's chief technology officer as president and CEO of its operating system platform Monday.
David Nagel will lead what Palm anticipates will become a separate company, as it splits software and licensing away from its hardware operations.
Nagel, who already is a member of Palm's board, has been involved in plans for that spinoff.
In addition to his position at AT&T, Nagel served as president of AT&T Labs. Prior to joining AT&T in 1996, Nagel was senior vice president at Apple Computer, where he led the worldwide research and development group responsible for Macintosh OS software, Macintosh hardware, imaging and other peripheral products.
Nagel is succeeded at AT&T by Hossein Eslambolchi, 43, who had been the company's senior vice president of packet and optical networks.
Shares of both Palm (PALM: down $0.08 to $3.86, Research, Estimates) and AT&T (T: down $0.16 to $19.35, Research, Estimates) were little changed early Monday. 
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