Shareholders put their stamp of approval on
buy of Handspring Inc. this week, allowing the handheld makers to officially merge under the new name of PalmOne Inc.
Palm stockholders also approved a spin-off of the company’s handheld operating division, PalmSource Inc. The moves came at Palm’s Annual Stockholders Meeting at the company’s headquarters in Milpitas, California, Tuesday.
announced its plan
to scoop up Handspring and spin-off its operating system business last June, saying it wanted to focus on providing handhelds and smart phones.
In a statement released Tuesday, Palm said that its fusing with Handspring creates a stronger competitor in the handheld market. PalmOne is due to begin trading under the ticker symbol “PLMO” on the Nasdaq stock market Wednesday.
PalmSource, meanwhile, will begin trading on the Nasdaq Wednesday under the symbol “PSRC.”