Palm’s new CEO on Thursday said he thinks the smartphone market is growing fast enough that multiple handset makers can thrive, and he also hinted at updates to come for the new Pre phones.

Research on the use of Web 2.0 tools by CEOs at Fortune 100 companies found that they have been slow to catch on to the social networking trend.

As laid-off executives flood the labor pool, some employers are seizing the opportunity to “upgrade” their management teams by recruiting more experienced leaders — possibly at lower salaries, says the head of an executive search firm in Atlanta.

“Cloud” has proliferated as the term for Internet-based computing resources because “everyone can draw one,” according to Russ Daniels, the cloud services CTO at HP. He just added CTO responsibilities at the company’s Electronic Data Systems division.

(Telecompaper) The Internet Corporate for Assigned Names and Numbers (Icann) has confirmed Rod Beckstrom as the new chief executive officer and president of the internet standards group. In addition to his cyber security expertise, Beckstrom has been a suc… (source: DMeurope.com) - RSS and News widget on Feedzilla.com

(Telecompaper) Finnish operator Sonera has launched mobile broadband services in the 900 MHz frequency band. The operator has selected Nokia Siemens Networks and Huawei as network vendors for the 3G expansion programme over the following years. Sonera plan… (source: DMeurope.com) - RSS and News widget on Feedzilla.com

(Telecompaper) Palm reported a continued decline in sales and further losses for its fiscal fourth quarter to 29 May, as new products have yet to pay off with better results. Revenues tumbled to USD 86.8 million from USD 296.2 million a year ago. Smartphon… (source: DMeurope.com) - RSS and News widget on Feedzilla.com

AP - A former criminal law student has been sentenced to life in a California prison for killing one man and wounding two others in a dispute over a Sony PlayStation console.

AP - Scott Painter makes his living betting on startup companies, having played a role in launching 29 of them over the years. But with the bad economy choking initial public offerings and acquisitions, Painter is now backing an idea that makes it easier for insiders like him to sell shares in their companies even before they go public.

AP - Global business groups have made an unusual direct appeal to Chinese Premier Wen Jiabao to scrap an order for PC makers to supply controversial Internet filtering software, citing security and privacy concerns.