Article: Palm Completes Formation of Palm OS Subsidiary as Palm Powered Devices Hit 20 Million Sold.

SANTA CLARA, Calif. -- Palm, Inc. today announced that it has completed the formation of the Palm OS(R) subsidiary, providing a complete internal separation of Palm's device and operating system platform businesses. Under the new corporate structure, Palm, Inc., through its Solutions Group, will license the Palm OS platform as the foundation for its industry-leading Palm(TM) handhelds.

In an update on the state of the handheld marketplace, the Palm OS subsidiary today reported that the total number of Palm Powered(TM) devices sold has now surpassed 20 million worldwide. November sales figures from market research firm NPD Intellect showed Palm Powered handhelds ...

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