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Palm grasps Handspring

Jun 04, 20033 mins

Latest financial news.

Palm grasps Handspring, 06/04/03

Palm Wednesday announced that it is acquiring its best-known software licensee, Handspring. The deal, just approved by both boards of directors, should become final in Fall 2003. It will take place as Palm completes the separate spinoff of one of its own businesses, PalmSource, which develops and licenses the Palm OS software.

C&W to exit U.S., slash jobs, 06/04/03

U.S. customers of Cable and Wireless PLC will need to start looking for an alternative provider of corporate voice and data services after the financially-troubled U.K. network operator Wednesday announced sweeping restructuring changes, including a complete exodus from its loss-making North American business.

Larscom, Vina deal receives final blessing, 06/04/03

Larscom and Vina Technologies will be merged by the end of the week, Larscom Wednesday announced at SuperComm 2003, meaning the two companies can expand their work on access devices that deliver broadband services to businesses over fiber.

Sybase invests $25 million in Wi-Fi application development, 06/04/03

Sybase Tuesday announced plans to invest $25 million over the next year to make using public wireless LAN networks more cost-effective and reliable for accessing enterprise applications.

SCO hit by legal action in Germany, 06/04/03

The German subsidiary of The SCO Group has temporarily shut down its Web site after a local Linux user group received a restraining court order against the U.S. software group, but plans to reactivate the site shortly.

HP CEO: No sign of an economic turnaround, 06/03/03

While HP sees signs of stabilization in the U.S. economy, there’s no indication of a pickup, HP Chairman and CEO Carly Fiorina said Tuesday during a New York meeting with financial analysts.

PeopleSoft to buy rival J.D. Edwards for $1.7 billion, 06/02/03

PeopleSoft Monday announced it will acquire J.D. Edwards in a stock deal valued at about $1.7 billion.

RSA Security teaming with Thor Technologies, 06/02/03

RSA Security and Thor Technologies Monday announced a partnership agreement under which the two will work closely to integrate their products.

AOLTW, Microsoft settle Netscape antitrust suit, 05/29/03

Microsoft will pay AOL Time Warner $750 million to settle a private antitrust suit filed on behalf of Netscape.