Sunday, September 25, 2005

BW: Look Who's Powering Palm

BW: Look Who's Powering Palm: "As the only significant licensee of Palm OS, Palm was widely expected to buy back the software business -- and it tried. But major U.S. and European handset makers jumped into the bidding and drove the price sky-high. 'There was a point beyond which we didn't think it made sense,' Palm CEO Ed Colligan wrote in an e-mail to Palm employees that was obtained by BusinessWeek. After Palm withdrew, Japanese software maker Access, which supplies Web browser technology for the Treo, came up with the winning bid: $324 million in cash, an 83% premium over the market share price."

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