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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 GPS-enabled handheld).

"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...'"

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