Tuesday, October 15, 2002

Palm and Mobile Digital Media

<A HREF="http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=153400&TICK=PALM&STORY=/www/story/10-15-2002/0001819335&EDATE=Oct+15,+2002">Palm Inc.'s Solutions Group</A> announced its investment in and strategic relationship with a new content publishing company. Mobile Digital Media, Inc. is chartered with accelerating the development of content for SD and MultiMediaCard media. It will aggregate, publish and distribute software for handhelds and mobile phones. The new company is funded jointly by Palm and a group of private investors with extensive publishing experience, and is led by an experienced management team. Barry Cottle, previously Palm's chief operating officer and head of its Content and Access business unit, is chief executive officer. Former Palm Chief Marketing Officer Satjiv Chahil has been named chairman of the board. Palm believes Mobile Digital Media's established momentum in an emerging business and its single focus will help it succeed quickly.

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