Ed Colligan, CEO of Palm Inc., has confirmed that Palm is going to release three new designs of its popular Treo smartphones next year. These three new designs of Treo will be apart from the model 700w which is slated to be launched in January 2006 for Verizon Wireless and will be the first Treo to use the Microsoft Windows Mobile 5.0 operating system. It will include the 700p using the Palm OS Garnet, and the other two models of Treo include the Hollywood and Lowrider projects.

Colligan divulged this information during the Palm’s earnings conference call. Some notable highlights from the conference call given by Mr. Colligan include: in the current quarter Palm shipped 602K Treos to carriers and holds a 78% market share of the US handheld market. He also announced that the 700w will ship in early January.

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