Chris Richardson 2004-12-09
After completing their purchase of mobile phone company China MobileSoft, PalmSource indicated a Linux version of their software would soon be available. The acquisition allows PalmSource to concentrate on other mobile technologies besides smartphones and PDAs.
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"Finally this allows us to port our user interface and applications framework onto a Linux-based platform using China Mobilesoft's expertise."
Madeline Duva, CEO, China MobileSoft, had these thoughts, "We are very excited about joining PalmSource to create the world's first truly global mobile software company," said, "We believe the synergies of the Palm OS platform and the CMS software products and technologies open up new market opportunities for both companies worldwide."
China MobileSoft had already included Palm's software on 30 different mobile gadgets. To complete the purchase, PalmSource will be issuing 1.57 million shares of company stock, which, at last closing, was valued at $13.97 a share.
