Wednesday, November 14, 2001

Palm completes Be acquisition

<A HREF="http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=153400&TICK=PALM&STORY=/www/story/11-13-2001/0001615157&EDATE=Nov+13,+2001">Palm, Inc.</A> and Be Incorporated announced the completion of Palm's acquisition of substantially all of the intellectual property and other technology assets of Be Incorporated for $11 million in Palm stock. In conjunction with the completion of the acquisition, Palm also has hired several key members of Be's engineering team. The deal was approved by Be stockholders yesterday.

The acquisition--related to Palm's strategy to separate the Palm OS platform business from the Solutions Group--will augment the platform's business capability in user-centric communications, Internet, and multimedia technologies.

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