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Press Release
Palm Believes NCR Suit Has No Merit
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SANTA CLARA, Calif., March 19 /PRNewswire/ -- Palm, Inc. (Nasdaq: PALM)
believes the lawsuit filed March 14, 2001, by NCR Corporation against Palm and
Handspring Inc. has no merit. NCR alleged that Palm's and Handspring's
handheld computers infringe two NCR-owned patents for a type of "portable
personal terminal." Palm was not approached by NCR about the patents prior to
filing its suit.
"Palm will defend itself vigorously," said Stephen Yu, Palm's general
counsel.
This press release contains forward-looking statements within the meaning
of the federal securities laws, including Palm's beliefs that its products do
not infringe the NCR patents and the lawsuit is without merit and Palm's
intentions regarding its defense against the allegations. These statements are
subject to risks and uncertainties that could cause actual results and events
to differ materially, including, among others, the difficulty to predict the
results of complex legal proceedings, the results of further investigations
and the availability of defenses.
About Palm, Inc.
Palm, Inc. is a pioneer in the field of mobile and mobile and wireless
Internet solutions and a leading provider of handheld computers, according to
IDC (December 2000). Based on the Palm OS(R) platform, Palm's handheld
solutions allow people to carry and access their most critical information
with them wherever they go. Palm(TM) handhelds address the needs of
individuals, enterprises and educational institutions through thousands of
application solutions.
The Palm OS platform is also the foundation for products from Palm's
licensees and strategic partners, such as Franklin Covey, Handspring, IBM,
Kyocera, Sony, Symbol Technologies, and TRG. Platform licensees also include
Nokia and Samsung. The Palm Economy is a growing global community of
industry-leading licensees, world-class OEM customers, and more than
145,000 innovative developers and solution providers that have registered to
develop solutions based on the Palm OS platform. Palm went public on
March 2, 2000. Its stock is traded on the Nasdaq national market under the
symbol PALM. More information is available at http://www.palm.com.
NOTE: Palm OS is a registered trademark and Palm is a trademark of Palm,
Inc. or its subsidiaries.
SOURCE Palm, Inc.
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