Palm's Handspring buy passes antitrust waiting period
Palm Inc. said Friday that the antitrust waiting period for its buy of fellow handheld maker Handspring Inc. had expired, moving it closer to a completion of the acquisition later this year.
In a statement, Palm Solutions President and Chief Executive Officer (CEO) Todd Bradley said that he believes the acquisition will provide the company with the broadest portfolio of mobile computing and communications solutions in the industry.
Palm announced its intention to buy Mountain View, California, Handspring last June, with an aim of offering converged devices.
Palm said that it wants to merge Handspring with Palm Solutions Group -- the company's handheld division in Milpitas, California -- and form a new company with a new name. The new company is due to be split into two businesses: one focused on handhelds and the other on smart phones.
The buy was subject to the Hart-Scott-Rodino Anti-Trust Improvements Act waiting period. Pending approval from both companies' stockholders and other conditions, the buy is expected to close in the late third-quarter to early fourth-quarter of this year, the companies said.
IDG News Service
Symantec Backup Exec 12 and Backup Exec System Recovery 8 deliver industry leading Windows data protection and system recovery. Download this whitepaper to find out the top reasons to upgrade and how to get continuous data protection and complete system recovery.
Data and system loss — from a hard drive failure, malicious attack, natural disaster, or simple human error — can happen anytime. Don’t leave your business vulnerable. Make sure you have a secure recovery strategy in place. Symantec's latest backup and system recovery technology can efficiently restore critical applications, individual emails and documents and even restore your entire system in minutes in the event of a loss.
Businesses face a growing challenge to ensure that the IT environment is properly protected. Backup Exec 12 integrates with other applications in the Symantec family of products, to complement your current data protection strategy, keep your data securely backed up and make it recoverable when you need it most.
Enterprise 2.0 Implementation
By Aaron C. Newman, Jeremy Thomas
Published by McGraw-Hill
Learn more!
Deploying Cisco Wide Area Application Services
By Zach Seils, Joel Christner
Published by Cisco Press
Learn more!
