Palm Technology Chief Resigns

The chief technology officer of Palm Inc., the leading maker of hand-held devices, has resigned. Bill Maggs resigned Monday “to pursue outside opportunities related to the next phase of the Internet,” a company spokeswoman said. A replacement has not been named. The resignation comes as the Santa Clara, Calif.-based company prepares to release a new operating system for personal digital assistants and increases efforts to license the Palm OS to other mobile device makers. Palm shares closed down $1 at $26.56 on Nasdaq.