BOGOTA, Colombia--(BUSINESS WIRE)--March 2, 2006--Movistar, the telecommunications company whose customers comprise the largest Spanish-speaking community of mobile users in the world, and Palm, Inc. (Nasdaq:PALM), a leader in mobile computing, are offering Colombian businesspeople an innovative tool to support their work lives while better managing their personal time: movistar Mail on the Palm(R) Treo(TM) 650 smartphone. The Treo 650 with movistar Mail provides business users with a mobile office that updates corporate email, contact lists, schedules and task lists in real time and provides a mobile phone with messaging and web access.(1)

"Today's professionals need productivity tools that enable them to balance personal life and professional demands," said Sergio Regueros, president of Movistar Colombia. "movistar Mail is the solution. It provides business users with corporate mobile access, letting them be more productive away from the office."

With carrier activation, the Treo 650 combines a compact, full-featured mobile phone with email, an organizer, messaging and web access,(1) allowing users to organize and simplify their business and personal lives all in one place. The Treo 650 offers integrated Bluetooth(R) technology, a higher-resolution screen, multimedia capabilities, a removable battery, non-volatile memory, an improved backlit keyboard. More information can be found at www.palm.com/Treo650.

About Telefonica Moviles, S.A.

Telefonica Moviles, a Telefonica Group company, is the second mobile telephone multinational in the world and the leading telephone company in the Spanish- and Portuguese-speaking markets. The company operates in 15 countries within three continents and has over 89 million customers at September 2005. During 2004, Telefonica Moviles' revenues amounted to EUR 11,828m (+17.5%), and EBITDA reached EUR 4,701m (+5.3%), with a net profit of EUR 1,634m. The company shares are listed both in the Spanish and the New York Stock Exchange as TEM. For further information, visit our web page: www.telefonicamoviles.com.

About Palm, Inc.

Palm, Inc., a leader in mobile computing, strives to put the power of computing in people's hands so they can access and share their most important information. The company's products for consumers, mobile professionals and businesses include Palm(R) Treo(TM) smartphones, Palm LifeDrive(TM) mobile managers, and Palm handheld computers, as well as software, services and accessories.

Palm products are sold through Internet, retail, reseller and wireless operator channels throughout the world, and at Palm Retail Stores and Palm online stores (http://www.palm.com/store).

More information about Palm, Inc. is available at http://www.palm.com.

(1) Within movistar's GSM/GPRS network coverage in Colombia. Email, messaging and web access requires data services at an additional cost.

Palm, Treo and LifeDrive are among the trademarks or registered trademarks owned by or licensed to Palm, Inc. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.

CONTACT:
Palm, Inc.
Sandy O'Halloran, 408-617-7639 (Investor Relations)
sandy.ohalloran@palm.com
or
A&R Partners for Palm, Inc.
Kristine Boyden, 650-762-2837 (Media Relations)
kboyden@arpartners.com

SOURCE:
Palm, Inc.