|The following information is true and accurate at the time of publication.
November 15, 1999
Sony and Palm Computing to Collaborate on the Joint |
Development of a Next Generation Palm Computing Platform
Sony licenses the Palm OS® operating system;
Palm Computing commits to Sony's Memory Stick® technology
COMDEX, Las Vegas, NV, November 15, 1999 - Palm Computing, Inc., a 3Com company (Nasdaq: COMS), and Sony Corporation (NYSE: SNE) today announced an agreement to collaborate to expand the capabilities of the Palm Computing® platform and create a powerful next generation platform for handheld consumer electronics products with audio-visual (AV) functionality. Under the terms of this agreement, Sony licenses the Palm OS operating system and Palm Computing commits to supporting Sony's Memory Stick storage and data exchange technology as part of the Palm Computing platform.
Palm Computing will enrich the Palm Computing platform to enable it to support Memory Stick technology. Palm will be able to license this enriched version of the Palm Computing platform to third parties in the industry.
Sony plans to implement the Palm Computing platform into an entirely new line of handheld electronics products that will not be limited to electronic organizers but are expected to include a wide range of mobile wireless telecommunications-enabled AV/IT consumer electronics products.
In addition, Palm and Sony have agreed to jointly work on developing a future version of the Palm OS operating system which would incorporate not only Memory Stick technology but other Sony AV technologies as well. This new version of the Palm OS operating system would make it possible to develop a new generation of mobile consumer electronics products based on the Palm Computing platform, which will be made available for licensing by third parties.
"The emergence of mobile consumer AV/IT products based on Memory Stick and the next generation Palm Computing platform will pave the way for a universe of new digital network services," said Kunitake Ando, president and COO of Sony's Personal IT Network Company. "This cooperation is the first step toward establishing a powerful new consumer electronics platform for accessing a broad range of wireless based network services and content."
"We are delighted by this licensing agreement," said Alan Kessler, president of Palm Computing. "The fact that the undisputed leader in consumer electronics innovation has chosen the Palm OS operating system for its future line of mobile AV/IT products is a strong tribute to what makes the Palm Computing platform unique: our focus on simplicity, wearability, and mobility. Our collaboration with Sony, and our commitment to the Memory Stick technology will contribute to enrich the Palm Computing platform and to open new applications fields for our more than 23,000 developers."
About Sony Corporation
Sony Corporation (NYSE:SNE) is a leading manufacturer of audio, video, communications and information technology products for the consumer and professional markets. Its music, pictures and computer entertainment operations make Sony one of the most comprehensive entertainment companies in the world. Sony recorded consolidated annual sales of over $56 billion for the fiscal year ended March 31, 1999. Sony's Home Page URL: http://www.sony.co.jp/
About Palm Computing
Palm Computing, Inc., a 3Com company, is the leading provider of personal companion products (IDC, May 1999), including the best-selling Palm IIITM, Palm VTM and Palm VIITM series of connected organizers. The Palm Computing platform is the premiere handheld development environment and is the foundation for the market-leading connected organizers from Palm Computing as well as products from Palm Computing's strategic partners such as IBM, QUALCOMM, Franklin Covey and Symbol Technologies. Designed to support the increasingly mobile and geographically dispersed nature of information management, the company's handheld solutions allow people to carry their most critical information in their pockets. For more information, please visit www.palm.com.
# # #
3Com, Palm Computing and Palm OS are registered trademarks and Palm, Palm III, Palm V and Palm VII are trademarks of 3Com Corporation or its subsidiaries. All other brands and product names may be trademarks of the respective companies with which they are associated.