“Today Palm Inc., the manufacturer of the Treo line of smartphones, has announced that it will be releasing its own Linux-based operating system by the end of the year. Ed Colligan, Palm’s CEO, made the statement during Palm’s Analyst Day event. Colligan explained that Palm has been working on this new OS for several years, and that the company has no plans to license the OS to other hardware manufacturers.

This is not to say, however, that Palm is giving up on Palm OS or the Windows Mobile OS. Palm will continue to make WM devices and plans to use their rights to the Garnet OS (Palm OS) source code to evolve the current Palm OS platform into the new Linux based OS, much as Garnet OS owner ACCESS, formerly PalmSource, says it is also doing.”

Why Palm wants to get hands on so many different operating system? This move could even make this profit-shrinking company out of business.