Palm has apparently decided to mothball their new Foleo mobile companion. In a posting on the Palm Blog, CEO Ed Colligan stated: “I have decided to cancel the Foleo mobile companion product in its current configuration and focus all of our energies on delivering out next generation platform and the first smartphones that will bring this platform to market. We will, of course, continue to develop products in partnership with Microsoft on the Windows Mobile platform, but from our internal platform development perspective, we will focus on only one.”