September 10, 2005 |
PalmSource Inc., maker of the Palm operating system for hand-held computers, said Friday it had agreed to be acquired by Japanese software company Access Co. for $324 million. PalmSource's stock surged 78% on the news. But some analysts wondered how PalmSource, which had failed to excite investors since Palm Inc. spun it off two years ago, could draw such an offer. "This was really dumb," said Needham & Co. stock analyst Charles Wolf.
August 14, 2004
* Online auctioneer EBay Inc. said it purchased a 25% stake in Craigslist, a popular online network of classified ads and forums. * Intel Corp. delayed the release of a new chip designed for use in flat-panel televisions. * Miramax Films laid off 13% of its employees, as expected, leaving the studio with a workforce of 420. * PalmSource Inc. said Eric Benhamou tendered his resignation as chairman, effective in October. * Huffy Corp.
December 19, 2003
EARNINGS Hand-held computer maker PalmOne Inc. reported a quarterly loss and said revenue in the current period would fall short of Wall Street estimates, sending its shares tumbling. In its first financial report since spinning off PalmSource Inc., the company said inventories at the end of the November quarter were higher than expected and shipments of its pocket-sized digital organizers declined from a year earlier. The Milpitas, Calif., company reported a net loss of $4.
May 25, 2005 |
The hand-held computer company that made its name with the Palm Pilot said Tuesday that it was changing its name back to Palm Inc. PalmOne Inc. said it agreed to pay $30 million over 3 1/2 years to the software company it spun off in 2003, PalmSource Inc., for the latter's 55% share of Palm Trademark Holding Co. PalmOne said it expected to change its name to Palm Inc. this year. Shares of PalmOne rose $1.58 to $28.84. Shares of PalmSource rose $1.15 to $10.04. Both trade on Nasdaq.
November 13, 2004 |
Novell Inc., which this week agreed to a $536-million antitrust settlement with Microsoft Corp., filed a new suit claiming the world's largest software company stymied competition for word processing software. Novell accused Microsoft of trying to shut out WordPerfect, a product Novell bought for $1 billion in 1994 and sold two years later for $170 million after it lost market share to Microsoft's Word.
February 10, 2004 |
PalmSource Inc., a maker of operating systems for hand-held computers, is shifting gears as the market for "smart" phones grows and the one for simpler personal digital assistants shrinks. The company's new strategy, to focus more on devices that handle both voice and data communications -- as rivals Nokia Corp. and Microsoft Corp. have already done -- is due to be unveiled at its developer conference in San Jose today.