Palm Stockholders to Vote on PalmSource Spin-off

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Palm Acquires Handspring The annual Palm stockholder meeting has been set for October 28th at the company headquarters in Milpitas, California.

Top issues include the stockholder vote on both the PalmSource spin-off and the Handspring acquisition. Stockholders as of the close of business on September 23 will be eligible to vote.

Palm Inc. is currently made up of two divisions: PalmSource, a subsidiary responsible for developing and licensing the Palm operating system, and the Palm Solutions Group, a business unit responsible for designing, making and marketing Palm-branded handhelds.

If the shareholders vote to approve it,PalmSource will be spun off as a separate company and Handspring will merge with the remaining part of Palm.

Palm also announced that the SEC declared Palm’s S4 registration statement effective on September 26, which includes the proxy information that will be mailed to all Palm stockholders.

For more information, please visit the Palm web site.

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