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HANDSPRING PREPARES VISOR HANDHELDS FOR SPRING PROMOTIONS

New $199 price for Visor Deluxe and rebate programs for Visor Platinum position Handspring products with great value for the spring gift-giving season

MOUNTAIN VIEW, CALIF. (May 7, 2001) - Handspring, Inc. (NASDAQ: HAND) today announced a price reduction on its most popular Visor handheld, discounting the Visor Deluxe by $50 from $249 to $199. The 8MB Visor Deluxe, which comes in five colors, is available now at Handspring.com and through participating online and retail locations. Also, customers who purchase a Visor Deluxe by June 17, 2001 from Handspring.com or participating retailers will receive a free slim leather case while supplies last.

In time for the spring gift-giving holidays, Handspring is also offering two promotions: a $50 rebate on the purchase of any new Visor Platinum and $30 rebates on select Springboard modules with the purchase of any Visor handheld. These promotions began Sunday May 6, 2001 and run through June 17, 2001 at Handspring.com and through participating online and retail partners. Springboard module availability may vary at retail. Full promotion details are available at Handspring.com in the Special Offers section.

"Handspring has consistently delivered great value to handheld customers, and this pricing action helps us continue delivering our quality products at even more affordable prices," said Greg Woock, vice president of North American sales for Handspring, Inc. "With Mother's Day, Father's Day and summer graduations around the corner, we can now offer what we believe is the greatest value in the handheld computing market."

The Visor Platinum, which uses the fastest Palm OS processor, the DragonBall VZ 33MHz processor, is currently priced at $299 at Handspring.com and through participating online and retail locations and will be available for $249 with the mail-in rebate. Springboard modules included in the spring promotion are the Margi Systems Presenter-to-Go, which can be connected to an LCD projector and used to display mobile presentations directly from the Visor handheld; the eyemodule digital camera, which takes both color and black and white photographs that can be beamed from one handheld to another or downloaded in JPEG format to a PC or Macintosh desktop computer; the Wristband ThinModem, a slim wire line modem; the Magellan GPS Companion, a powerful GPS navigation module; and the Xircom Springport Modem 56 GlobalACCESS, a 56Kbps high-speed wire line modem.

About Handspring

Handspring is a leading innovator in the handheld computing industry. The company develops, manufactures and markets a family of expandable handheld computers for a broad range of markets and customers. Founded in 1998, Handspring's flagship technology is the Springboard platform that provides a simple and easy method for hardware and software expansion. Today Handspring sells its Visor line of handhelds at Handspring.com and through select Internet, distribution and retail partners in the U.S., Asia Pacific, Canada, Japan, Europe and the Middle East, along with a line of Springboard expansion modules and accessories.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve risks and uncertainties, including those relating to the availability of slim leather cases and Springboard modules for the spring promotions. Actual results may differ materially due to a number of factors including, among others; continued consumer acceptance and demand for handheld computers and Springboard modules; and the rapid pace of technological change and competitive developments in the handheld computer industry. The matters discussed in this press release also involve risks and uncertainties described in Handspring's most recent Form 10-Q filed with the Securities and Exchange Commission. Handspring assumes no obligation to update the forward-looking information contained in this press release. Handspring, the Handspring logo, Springboard and Visor are trademarks of Handspring, Inc. and may be registered in certain jurisdictions. All other brand and company names are trademarks of their respective owners.

Contacts:

Brian Jaquet
Handspring, Inc. (U.S.)
(650) 230-5000
bjaquet@handspring.com
Jennifer Colton
Switzer Communications
415-945-7070
jennifer@switz.com


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