Wednesday, October 29, 2003

Palm stockholders approve PalmSource spin-off

At Palm's Annual Stockholders Meeting, <A HREF="http://www.palmsource.com">stockholders approved the spin-off of PalmSource, Inc.</A> from Palm, Inc. Palm will distribute all the shares of PalmSource it owns (approximately 86 percent of the total) to Palm stockholders of record as of the close of business October 28, 2003. Those Palm stockholders will receive approximately 0.31 shares of PalmSource common stock for each share of Palm common stock they own. PalmSource common stock will trade on the Nasdaq stock market under the ticker symbol PSRC.

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