siliconvalley.internet.com: Q&A: PalmSource CEO David Nagel
Mar 08, 2003, 04:00 (0 Talkback[s])
(Other stories by Michael Singer)
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"In the next few months, Palm Inc. will officially separate into
two publicly traded companies--Palm Solutions (hardware) and
PalmSource (software). Since announcing the split last year,
PalmSource CEO David Nagel has forged ahead with a completely new
handheld operating system (OS 5.x), new places to grow (China) and
new product opportunities (Fossil's Wrist PDA, Garmin's iQue 3600
"Now as he stands at the crossroads, Nagel tells
internetnews.com that spinning off is the best thing that could
have happened and that he is seriously contemplating the benefits
of adding some PalmSource code to the open source community.
"Q: What is PalmSource's direction going forward as it
separates from Palm Inc.?
"'Most of the actual separation--the people and the
properties--has already taken place. We're working though the final
details. The board has already made decisions in anticipation of
the split. The next formal step is a file what is called a Form 10
with the SEC, which allows us to become a separately traded
company, because the strategy is still to do a 'spot distribution'
for investors. We have not filed that yet. Part of that is market
timing and semantics. It should take a couple of months...'"