Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Palm Files with SEC for Spin-off, Acquisition of Handspring
Jul 7, 2003
 Printable format
 Email this Article
 Search

Palm, Inc. -- which consists of two operating units, Palm Solutions Group and PalmSource, Inc. -- announced that it has filed a registration statement on Form S-4 with the Securities and Exchange Commission (SEC) in connection with the proposed transaction involving the distribution of PalmSource common stock held by Palm to Palm's stockholders and Palm's subsequent acquisition of Handspring, which was announced on June 4, 2003.

Palm and PalmSource reported that Palm's stockholders will realize benefits from the separation of the two companies, including:

  • greater clarity of mission and focus for both businesses;
  • increased speed and responsiveness to technology change and customer needs for both companies;
  • increased number of potential licensees for the Palm operating system; and
  • more direct access to capital markets for both companies, given that they can be more easily understood by investors and securities analysts.

    According to Palm, the Handspring merger is designed to create a stronger market leader in mobile computing and communications. The combination will put the Palm Solutions Group in a better position to pursue its objectives of growing the market, maintaining industry leadership and achieving profitability, the company said.

    Palm believes that the potential benefits of the merger include the ability to:
  • take better advantage of future growth opportunities through increased scale and improved operational efficiency;
  • deliver a broad portfolio of mobile products from traditional handhelds to wireless hand-held devices and smartphones;
  • add Palm's strong brand and distribution channels to Handspring's highly regarded Treo product line and wireless telecommunications carrier relationships; and
  • enhance Palm's management team and board of directors through the addition of several of Handspring's key officers and directors.

    The company said the filing of the registration statement is an important milestone toward the completion of this transaction, which Palm expects to close in the fall, subject to certain regulatory and stockholder approvals and other conditions.

    Back to Daily News

  •  

    Daily News

    ...........................................................

    Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

    Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

    Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

    Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

    Apr 23, 2014: CEA: Consumer Sentiment Down in April

    More Daily News>>

    RSS Feeds
    .........................................................
    Appliance Industry
    Market Research

    ...........................................................

    March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
    February 2014: Appliance Magazine Market Insight: December 2013
    January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
    January 2014: Appliance Magazine Market Insight: November 2013




     
    Contact Us | About Us | Subscriptions | Advertising | Home
    UBM Canon © 2014  

    Please visit these other UBM Canon sites

    UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows