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s was acquired by 3com and palm became a 3com subsidiary in june 1998 the founders became unhappy with the direction in which 3com was taking the company and left to found handspring stock offering and split into palmsource and palmone edit palm logo 2000 2004 palmone logo stylized as pa1mone 2003 2005 3com made the palm subsidiary an independent publicly traded company on 1 march 2000 and it traded on the nasdaq under the ticker symbol palm palm inc had its ipo during the dot com bubble and in its first day of trading the shares of the new company hit an all time high of us 95 06 9 but competition and the end of the tech bubble caused palm s shares to lose 90 of their value in just over a year by june 2001 the company s shares were trading at us 6 50 making it the worst performing pda manufacturer on the nasdaq index at the time 9 in january 2002 palm set up a wholly owned subsidiary to develop and license palm os 10 which was named palmsource in february 11 palmsource was then spun off from palm as an independent company 12 13 in october 2003 the hardware division of the company merged with handspring was renamed to palmone inc 12 13 and traded under the ticker symbol plmo the palm trademark was held by a jointly owned holding company united as a single company edit this section needs more citations please help improve this section by adding citations to reliable sources unsourced material may be challenged and removed september 2013 learn how and when to remove this message palm logo 2005 2010 in may 2005 palmone purchased palmsource s share in the palm trademark for us 30 million 14 in july 2005 palmone launched its new name and brand reverting to palm inc and trading under the ticker symbol palm once again 15 in late 2005 access which specializes in mobile and embedded web browser technologies acquired palmsource for us 324 million on 4 january 2006 palm released the palm treo 700w the first windows mobile powered treo in a partnership with verizon wireless and microsoft in december 2006 palm inc paid us 44 million to access for an irrevocable license to use and modify the source code for palm os garnet as well as ship palm os garnet in any palm product without paying royalties with this arrangement the palm company could once again develop both its hardware and software 16 in june 2007 palm formed a strategic relationship with the private equity firm elevation partners who purchased a 25 equity stake of the company for us 325 million 17 an investment that came after months of rumours about a possible palm sale palm ceo ed colligan acknowledged that we were approached by larger parties over the last six months and the reality is that we thought this was the best outcome for our business and our investors 18 on 18 december 2008 palm ceo ed colligan announced that the company would no longer develop any new handheld pdas 19 palm announced the webos operating system and palm pre smartphone at the consumer electronics show on 8 january 2009 and released on 6 june 2009 with sprint 20 the design team was led by matias duarte mike bell peter skillman and michael abbott 21 in early 2009 the hype over webos sent palm s stock from us 3 to a high of about us 18 while reviews of the palm pre were positive launching with only one u s carrier sprint which was also a distant third in the market proved to be a crucial mistake that limited sales even though it became sprint s phone the pre was often described as palm s swan song 22 23 as it was too late to keep the company with only 250 million in cash and short term investments at the beginning of 2009 independent for long by 2010 the share price of palm dropped to below us 4 24 acquisition by hp and demise edit palm inc logo 2010 on 28 april 2010 hewlett packard announced it would purchase palm at 5 70 a share for 1 2 billion in an all cash deal 25 26 the acquisition was completed on 1 july 2010 27 28 the palm global business unit was assigned responsibility for webos software development and webos based hardware products including smartphones slate pcs and netbooks in february 2011 hp unveiled a new line of webos products including the pre 3 veer and touchpad however these products were branded under hp s name and not with the palm name 29 in july 2011 as part of a reorganization webos head jon rubinstein was demoted from senior vice president to a product innovation role and replaced by stephen dewitt head of hp s north american consumer pc unit at the same time palm was renamed the webos global business unit effectively ending the use of the palm brand 30 31 the launch of the touchpad was met with extremely poor sales 29 on 18 august 2011 hp announced that it would immediately end the production and support of all palm and webos devices and would be exploring options to optimize the value of webos software going forward including a potential sale of the division to another company hp also cancelled the u s release for the pre 3 and veer and held a fire sale on remaining touchpad stock lowering prices for the tablet to as low as us 99 leading to a major spike in demand for the device 29 31 the decision made by hp s ceo at the time léo apotheker along with its 11 7 billion acquisition of autonomy and threats to spin off hp s consumer business led to a major decline in hp s market performance with its shares falling in value by 45 4 32 logo for hp subsidiary gram 2012 2013 following apotheker s resignation and his replacement by meg whitman 32 it was announced in december 2011 that an open source version of much of webos would be created shortly afterward jon rubinstein along with a number of other senior palm staff members began to leave hp 29 on 15 august 2012 it was revealed that hp had re organized the remaining webos team as a unit known as gram made up of the remaining components of palm 33 in february 2013 hp announced that it had sold the webos team along with a license to the webos source code documentation and underlying patents to lg electronics lg planned to primarily use the webos platform for its smart tv products rather than on mobile devices but did not rule out the possibility 34 tcl ownership new device edit on 30 december 2014 it was reported that in october 2014 hp had sold the palm trademark and related intellectual properties to wide progress global limited a shelf company controlled by nicolas zibell a regional president of tcl corporation which markets android smartphones under the alcatel brand at the same time it was discovered that the former palm com redirected to a new site the site displayed a coming soon page with the previous orange palm logo and the slogan smart move which is also the slogan used by alcatel onetouch 35 36 tcl publicly confirmed its acquisition of the palm brand on 6 january 2015 stating that it planned to re create the company with a new team based in silicon valley and incorporate crowdsourcing into its product development 3 on 15 october 2018 a new palm companion device was unveiled which is manufactured by a new palm branded startup company from california that is financially backed by tcl and basketball player stephen curry it is an ultra mobile android based device designed to serve as a smaller simplified companion to a larger smartphone the new device was announced as being exclusive to verizon wireless only available as an add on to an existing or new device plan 37 38 see also edit san francisco bay area portal companies portal list of palm os devices palm pda palm desktop palm foleo palmsource inc references edit roncaglia gino 2012 la cuarta revolución eduvim isbn 9789871868438 retrieved 10 january 2015 krazit tom 8 january 2009 palm calls it a comeback with the palm pre mobile cnet news cnet retrieved 5 january 2012 1 2 palm makes a comeback tcl to re create the brand cnet retrieved 8 january 2015 butter andrea pogue david 2002 piloting palm the inside story of palm handspring and the birth of the billion dollar handheld industry john wiley sons pp 56 isbn 9780471223399 hahn brian k 2004 the tandy zoomer archived from the original on 7 february 2009 retrieved 1 may 2014 smithson brian 9 may 1995 zoomer technical info tandy z pda retrieved 30 april 2014 smithson brian 17 january 1996 zoomer pictures application screen shots 3q1994 zoomer list archives graffiti arrives press release enclosed grot com 19 september 1994 retrieved 5 january 2012 1 2 bloomberg bloomberg com archived from the original on 9 november 2001 retrieved 9 june 2015 palm completes formation of palm os subsidiary as palm powered devices hit 20 million sold archived 24 july 2014 at the wayback machine palm press release 21 january 2002 palm os subsidiary ceo outlines vision for future of mobile computing access co ltd 2002 retrieved 12 january 2023 cite web cs1 maint deprecated archival service link 1 2 palm form 8 k current report filing date jun 6 2003 secdatabase com retrieved 31 december 2012 1 2 palm form 8 k current report filing date nov 12 2003 secdatabase com retrieved 31 december 2012 palm form 8 k current report filing date may 27 2005 secdatabase com retrieved 31 december 2012 palm form 8 k current report filing date jun 30 2005 secdatabase com retrieved 31 december 2012 palm form 8 k current report filing date dec 11 2006 pdf secdatabase com retrieved 31 december 2012 on december 5 2006 palm inc palm entered into a definitive agreement to license the source code for palm operating system os garnet from access systems americas access on a fully paid up irrevocable other than for certain material breaches of palm s obligations basis the agreement includes the right for palm to modify the palm os garnet source code to retain ownership of those modifications and to use palm os garnet in whole or in part in any palm product in addition access has expanded its license to palm of access patents that existed as of december 2001 to cover all palm products previously this patent license had applied only to palm products based on palm os palm will pay access a total of 44 million under the agreement subject to palm s acceptance of delivery of the palm os garnet source code and other deliverables under the agreement palm form 8 k current report filing date jun 5 2007 pdf secdatabase com retrieved 31 december 2012 palm sells a quarter slice to elevation partners retrieved 9 june 2015 colligan no new palm handhelds retrieved 9 june 2015 sprint newsroom news releases newsreleases sprint com archived from the original on 22 june 2009 retrieved 5 january 2012 elizabeth woyke 5 june 2009 how palm designed the pre forbes retrieved 9 june 2015 palm pre breaks sprint sales records the register retrieved 9 june 2015 palm bets the farm on webos the register retrieved 9 june 2015 rim says 150 carriers keep it from palm s fate toronto retrieved 9 june 2015 palm form 8 k current report filing date apr 28 2010 pdf secdatabase com retrieved 31 december 2012 hp to acquire palm for 1 2 billion press release hp 28 april 2010 retrieved 28 april 2010 palm form 8 k current report filing date jul 2 2010 pdf secdatabase com retrieved 31 december 2012 hp completes palm acquisition press release hp 1 july 2010 retrieved 5 july 2010 1 2 3 4 zieger chris 5 june 2012 pre to postmortem the inside story of the death of palm and webos the verge retrieved 2 january 2015 hp shakeup webos now led by stephen dewitt jon rubinstein in charge of product innovation the verge 11 july 2011 retrieved 2 january 2015 1 2 hp kills touchpad support for webos devices pc magazine retrieved 2 january 2015 1 2 hewlett packard replaces leo apotheker with meg whitman bbc news 22 september 2011 retrieved 22 september 2011 hesseldahl arik 15 august 2012 meet gram hp s new name for the company formerly known as palm all things d retrieved 17 august 2012 nilay patel 25 february 2013 hp emerges as big winner in webos sale the verge retrieved 6 january 2014 it looks like alcatel onetouch purchased the palm trademarks from hp webos nation retrieved 2 january 2015 palm could be coming back to life as an android phone from alcatel the verge 31 december 2014 retrieved 2 january 2015 the new palm is a tiny phone to keep you away from your phone the verge retrieved 15 october 2018 steph curry and the new palm want you to forget your phone fast company 15 october 2018 retrieved 15 october 2018 external links edit official website historical business data for palm inc sec filings v t e list of palm devices before palm inc tandy zoomer pilot 1000 5000 palmpilot personal professional palm iii iiix iiie iiixe iiic v vii visor visor deluxe prism platinum edge neo pro treo 90 180 270 300 600 as palm inc foleo foleo lifedrive lifedrive palm iiixe iiic v vx viix m100 m105 m125 m130 m500 m505 m515 i705 t x z22 treo 650 680 700p 700w 700wx 750 750v 755p 800w pro centro p850 tungsten t t2 t3 w c e t5 e2 zire 21 31 71 72 webos pre pre 2 pixi as hp palm hp veer hp pre 3 hp touchpad never released links to related articles v t e hewlett packard split into hp inc and hewlett packard enterprise in 2015 products personal computers desktops blackbird 002 brio compaq series evo hp compaq presario elitedesk envy mini omen pavilion prodesk spectre sprout stream touchsmart vectra voodoopc z laptops 110 2133 mini note pc compaq series evo hp compaq presario elitebook envy essential probook omen omnibook pavilion dv2z dv4 dv5 dv7 dv1000 dv2000 dv6000 dv9000 tx probook spectre stream voodoo envy zbook workstations and servers 250 300 2100 2640 3000 9000 9845 64000 alphaserver integral pc flexible data center kayak media vault mediasmart server netserver nonstop performance optimized datacenter x terminals mobile devices compaq series tc1000 tc1100 tc4400 tc4200 75 95lx 200lx 300lx 620lx 660lx calculators ipaq ipod hp elite x3 jornada 560 pre 3 slate 7 21 slate 500 touchpad veer printing and imaging 7470 graphics plotter deskjet indigo jetdirect laserjet 4 5 1020 2300 2400 4000 p3000 lightscribe photosmart m407 r607 scanjet scitex topshot microprocessors capricorn focus itanium nanoprocessor pa risc 7100 7100lc 7200 8000 max saturn computer buses gsc hp hil hp ib hp il precision runway calculators hp 10s hp 12c hp 12c platinum hp 15c collector s edition hp 17bii prime other hardware 200a audio oscillator 7935 disc drive dc100 guardian service processor integrated lights out kittyhawk memory spot npartition procurve teramac visualize eg xb3000 notebook expansion base services convergedsystem cloud cloudsystem helion magcloud speechbot utility data center ceos bill hewlett and david packard co founders john a young lewis e platt carly fiorina mark hurd léo apotheker meg whitman final ceo assets 3da ericsson hewlett packard telecom hp garage hp labs acquisitions 3com 3par apollo computer arcsight aruba networks autonomy bristol technology bromium compaq convex computer colorado memory systems eesof electronic data systems exstream software fortify software indigo hyperx knightsbridge solutions neoware opsware mercury interactive palm p...