Palm Still Committed to Buying Be

Palm's CEO Carl Yankowski told the attendees of the Prudential Securities Technology Conference yesterday that his company is still committed to buying the intellectual property and technology assets of Be, Inc., despite Be's stock dropping almost 70% since the deal was announced. Mr. Yankowski repeated what he has said before about the deal, Be's talent will help add new features to Palm OS 5. This is currently scheduled for delivery near the middle of next year.

If rumors are correct, there is some question about whether Be's shareholders will approve the deal. Many are unhappy about the end of the Be OS and might vote against Palm's buyout. Be's management has already warned that if that happens the company will almost certainly go bankrupt.

Related Information:

• Reuters: Palm CEO says still committed to BE Inc. buy
• PIC: Palm Buying Be, Inc.
• PIC: Will Palm's Deal with Be Go Through?
• PIC: Palm Forum