Palm CEO Jon Rubinstein, a former Apple executive, spoke frankly about his company’s trials and tribulations in a recent interview with Adam Lashinsky of Fortune. He admits that Palm has “hit a speed bump” in adoption of its WebOS smartphones, laying the blame on hardware issue, training, the economy and other factors. But he says that Palm is poised for success, likening the company to Apple when he first got there – with a fractional marketshare, but heavy investment in R&D in a rapidly growing market. “I think that having a small share of that market you can have a successful company. We just need to get up to scale, and that’s our number one goal,” he said.

Palm CEO puts his cards on the table [Fortune]