Palm seeks software boost with Be buy
By Sandeep Junnarkar
Staff Writer, CNET News.com
August 16, 2001, 6:45 a.m. PT
Palm on Thursday announced it is acquiring the assets and intellectual property of software maker Be for $11 million in stock, as it pursues its goal to bolster its software division.
The handheld-computing specialist is hoping the acquisition will strengthen its ability to create development tools and communications, Internet and multimedia technologies.
“This move will help us expand the Palm OS platform into broader markets,” Carl Yankowski, Palm s chief executive, said in a statement.
Palm also said that Alan Kessler, the general manager of its Platform Solutions group, will resign from the company on Friday. Neither the company nor Kessler disclosed why he is leaving.
Eric Benhamou, chairman of the company’s board of directors, will act as chief executive officer of the group until a permanent replacement is named, according to Palm, which is based in Santa Clara, Calif.
Be’s chief executive, Jean-Louis Gassee, will temporarily help Palm to integrate Be’s technology and talent once the transaction is approved by Be shareholders. More details to follow.