Thread: Japanese firm to acquire PalmSource
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Old 09-09-2005, 06:33 AM   #1
Bob Russell
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Japanese firm to acquire PalmSource
The Japanese firm ACCESS, makers of the Netfront browser software, has paid a little over $300 million to aquire PalmSource. PalmSource is, of course, the maker of PalmOS. This purchase reflects a premium price of about $18.50 per share, so those who had enough faith recently in PalmSource to keep stock were rewarded. It also would seem to be a bargain price for the acquisition.

According to the press release, "Ed Colligan, Palm, Inc. president and chief executive officer said, 'Palm's award-winning user experience and application expertise, combined with ACCESS' leading software development capabilities, will allow us to continue to deliver great products for our customers. ACCESS is currently a software technology partner and we look forward to continuing our strong working relationship to advance the Palm OS platform.'"

The $64,000 question -- What will this mean for PalmOS and Palm, Inc?
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