Now, they doesn't have anything to compete. Around 2 years ago they bought Linux company (I forget that it was - Zaurus or else) but they doesn't deliver Linux up today. ... Instead of it they turned to WinMo... and that was a slide down.
Palm OS Cobalt introduced modern operating system features to an embedded operating system based on a new kernel with multitasking and memory protection, a modern multimedia and graphic framework (derived from Palm's acquired BeOS), new security features, and adjustments of the PIM file formats to better cooperate with Microsoft Outlook.