Palm to make OS business a separate subsidiary
Palm may make its operating system development business a completely separate subsidiary of the company.
Palm looks like it may make its operating system development business a completely separate subsidiary of the company, which could be a precursor to spinning off the entire division.
The Platform Solutions Group develops the Palm OS platform and licenses it to makers of handheld computers including Handspring, Sony, Symbol and Palm’s Solutions Group, in addition to smart phone makers including Kyocera and Samsung.
“We’re eager to foster the independence of both of our businesses, and creating a separate subsidiary for our platform activities will allow us to bring greater clarity of mission, better serve licensees and, we believe, increase shareholder value longer term,” said Carl Yankowski, Palm CEO.
New licensees announced this year included Acer, which plans to take the OS to Chinese-speaking customers. Under the new structure, the Platform Solutions Group will operate independently but will continue to leverage Palm's infrastructure and staff services.
“This is another important step to strengthen our technology and deliver powerful and elegant solutions for our Palm OS licensees,” said Alan Kessler, Palm general manager of the Platform Solutions Group.