Palm Acquires Handspring

Jump to First Reply
macsrgood4umacsrgood4u
Posted:
in General Discussion edited January 2014
Palm to acquire rival Handspring

June 4 - 08:58 EDT__ Palm said on Wednesday that it would buy Handspring in an a stock deal valued at about US$169 million. Palm's board also approved the spin-off of its PalmSource unit, which makes the operating software for its handhelds. "Following the spin-off of PalmSource, Handspring shareholders will receive 0.09 of a Palm share for each share of Handspring common stock," according to Reuters. "Palm plans to issue 13.9 million common shares to Handspring holders, after the spin-off of PalmSource. Based on Tuesday's closing price of $12.15, the shares would be worth about $169 million. The combined company is expected to cut 125 jobs and expects $25 million in annual cost savings."

Comments

  • Reply 1 of 15
    drewpropsdrewprops Posts: 2,321member
    1. Expand

    2. Contract

    3. ?
     0Likes 0Dislikes 0Informatives
  • Reply 2 of 15
    thuh freakthuh freak Posts: 2,664member
    thats really funny. wasn't handspring a spinoff from palm?
     0Likes 0Dislikes 0Informatives
  • Reply 3 of 15
    macsrgood4umacsrgood4u Posts: 3,007member
    The designers of the Palm OS left the company to form Handspring.
     0Likes 0Dislikes 0Informatives
  • Reply 4 of 15
    rokrok Posts: 3,519member
    hmmm, i am torn as to whether this is a good or bad thing.



    handspring seemed to be willing to focus their product line (even if it is on the "everything-but-kitchen-sink" treo models), whereas palm can't seem to figure out what "focus" even means. i posted a thread once that counted up all of the different shipping lines of palm branded pda's, and i think i got close to a dozen.
     0Likes 0Dislikes 0Informatives
  • Reply 5 of 15
    leonisleonis Posts: 3,427member
    I still can't figure out why Palm acquired Be few years ago
     0Likes 0Dislikes 0Informatives
  • Reply 6 of 15
    amorphamorph Posts: 7,112member
    Quote:

    Originally posted by Leonis

    I still can't figure out why Palm acquired Be few years ago



    When Palm OS 6 comes out (this summer, apparently) it will become obvious.



     0Likes 0Dislikes 0Informatives
  • Reply 7 of 15
    paulpaul Posts: 5,278member
    they are just making it easier for Apple to buy them

    they get 3 companies for the price of one...
     0Likes 0Dislikes 0Informatives
  • Reply 8 of 15
    gordygordy Posts: 1,004member
    HS was really hurting. I'm sure it's great news for them and their shareholders.
     0Likes 0Dislikes 0Informatives
  • Reply 9 of 15
    screedscreed Posts: 1,077member
    Quote:

    Originally posted by Paul

    they are just making it easier for Apple to buy them

    they get 3 companies for the price of one...







    (Insert Dr. Evil diabolical laughter).



    Screed
     0Likes 0Dislikes 0Informatives
  • Reply 10 of 15
    baumanbauman Posts: 1,248member
    Yay! I love monopolies. OK, so I guess Pocket PC is a competetor for palm, but they seem to be for two different market share areas. Handspring really led the way in competition and R&D... I'm afraid this merger will slow some of that down - even though Handspring has been struggling for the past year and a half.
     0Likes 0Dislikes 0Informatives
  • Reply 11 of 15
    ti fighterti fighter Posts: 863member
    What about sony, they will drive the future of the palm OS imo
     0Likes 0Dislikes 0Informatives
  • Reply 12 of 15
    retrograderetrograde Posts: 503member
    Quote:

    Originally posted by Ti Fighter

    What about sony, they will drive the future of the palm OS imo



    That certainly seemed to be the case to me: I have been looking around to purchase my first PDA and the Sony Cliés seemed far and away the best value and the best design. Mind you I was looking at the used market: I think the Tungsten T looks pretty sweet really.
     0Likes 0Dislikes 0Informatives
  • Reply 13 of 15
    ti fighterti fighter Posts: 863member
    it depends what your looking for, if you want rich multimedia features clie is where its at. Palms high end just seems overpriced to me for what it does. On a side note I heard sony was/is working with palm to help make the os more robust.



    Oh btw, i recently switched using my clie with my pc to my mac(w/missing sync), and it works great, no problems at all.
     0Likes 0Dislikes 0Informatives
  • Reply 14 of 15
    baumanbauman Posts: 1,248member
    Quote:

    Originally posted by Ti Fighter

    What about sony, they will drive the future of the palm OS imo



    Ah, yes, Sony. I forgot about them... They certainly do hold the advantage - over all competition.



    I was going from what I remembered when I worked retail (at Staples in electronics) two years ago... we didn't carry Sony at the time, and so I never really thought of them as a Palm OS brand.



    Of course, now that you bring them up, I do remember lusting after some of their models... even teh ones we didn't carry. Now that I'm out of retail, I'm much more disconnected from the tech world.
     0Likes 0Dislikes 0Informatives
  • Reply 15 of 15
    aquaticaquatic Posts: 5,602member
    Palms don't hold a candle to Pocket PCs and I say that as I vomit. Sony Clies are close but no cigar, especially when you start talking price. Pocket PCs used to be more expensive now they're less. Maybe this merger will fix some of these Palm problems. Of course all PDAs are too expensive for me! More than $50 for an organizer is kind of stupid. I would buy a $50 Zire immediately though.
     0Likes 0Dislikes 0Informatives
Sign In or Register to comment.