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Palm's challenging year
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November 9, 2001: 3:56 p.m. ET
A look at Palm's future as it faces increasing competition.
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NEW YORK (CNNmoney) - While Carl Yankowski's resignation as Palm CEO late Thursday was abrupt, it was not entirely unexpected. Palm has not lived up to expectations this year and its shares are down 90 percent from their high.
Palm Chairman Eric Benhamou has assumed the added role of CEO and now has the task of turning around a company hampered by product delays as well as a price war among handheld computer makers.
By the end of the month, Palm is expected to begin operating as two separate business groups, one that focuses on hardware and another on the Palm operating system software.
While 2001 has been a challenging year for the company, the year ahead could bring more difficulties. Robert Cihra, technology analyst at ABN Amro, takes a look at Palm's future and where the handheld market is going. 
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