http://www.macnn.com/articles/03/06/04/palm.to/
Palm to acquire Handspring in stock deal
updated 10:45 am EDT, Wed June 4, 2003
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Palm today announced , which was created five years ago by the people who had founded Palm, according to the AP: "The deal calls for the Silicon Valley rivals to merge after Palm completes its spinoff of PalmSource, the unit that makes the Palm operating system for handheld computers. The transactions are expected to be completed back-to-back in the fall, and the merged company will be renamed, the companies said. Under the proposed terms, Handspring's shareholders will receive 0.09 Palm shares -- and no shares of PalmSource -- for each share of Handspring common stock owned. Palm will issue approximately 13.9 million shares of Palm common stock to Handspring's shareholders on a fully diluted basis."
Fresh-Faced Recruit
Joined: Jul 2001
Not again
The founders of Palm and Handspring are really smart and rich. They were acquired by US Robotics and then eventually absorbed by 3Com. I guess they now find Handspring to be a threat and so here they go again. What will the merged company be called? Palm Springs! Ha ha.
And on to the next round...2 years later the founders create another PDA company...10 years later 3Com...oh, you get the idea.