When you attach your Palm over USB to PC with NetworkManager, ModemManager tries to open every new serial device and it causes Palm reset.
You can workaround this problem by disabling ModemManager at all:
# mv /usr/share/dbus-1/system-services/org.freedesktop.ModemManager.service ~
I'll try to make some list of USB IDs and correct serial ports, but the best would be disable ModemManager for these devices at all.
Is there any other way to use serial port of Palm Smartphone to communicate with modem than using 'USB Modem' application? It even uses some other serial device - ttyACMx...