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Handspring Press Release Archive
ISS RECOMMENDS HANDSPRING SHAREHOLDERS VOTE FOR MERGER
MOUNTAIN VIEW, CALIF. (October 13, 2003) - Handspring (NASDAQ:HAND) today announced that Institutional Shareholder Services Inc. (ISS), the nation's leading independent proxy advisory firm, has recommended that Handspring stockholders vote to approve the merger of Handspring with the Palm Solutions Group of Palm, Inc (NASDAQ:PALM).
"We are pleased with this recommendation from ISS as we finalize our merger plans with the Palm Solutions Group," said Donna Dubinsky, chief executive officer for Handspring. "With support from our stockholders in approving this merger, we believe the combined company will continue to be a global leader in handheld computing and communications."
Handspring will hold a special stockholders meeting on October 28, 2003 to vote on the merger. All Handspring stockholders of record as of September 23, 2003 are eligible to vote at the meeting or by proxy. The merger is expected to close on October 28, 2003.
ABOUT HANDSPRING
Handspring is a leading innovator in personal communications and handheld computing. The company's products include the Treo wireless communicators and Treo 90 organizer, the Visor expandable handheld computers, and client and server software for fast Web access from handheld devices and mobile phones. Today Handspring products and accessories are sold at www.handspring.com and through select Internet, retail and carrier partners in the United States, Europe, Asia, Australia, New Zealand, Canada, Middle East, and Mexico/Latin America.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the federal securities laws, including a statement concerning the potential for the combined company resulting from the merger of Handspring and the Palm Solutions Group of Palm, Inc. to continue to be a global leader in handheld computing and communications. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation, the following: the approval of the merger by Palm and Handspring stockholders; the satisfaction of closing conditions relating to the merger; the successful integration of Handspring's employees and technologies with those of Palm; Handspring's ability to develop and deliver innovative smartphones; the degree to which wireless carriers will facilitate the successful introduction of Handspring's smartphones; carrier and end user customer acceptance of and demand for smartphones in general and Handspring's products in particular; overall product quality; and the rapid pace of technological change and competitive developments in the handheld computer and wireless communications industries. A detailed discussion of these and other risks and uncertainties is included in Handspring's most recent filings with the Securities and Exchange Commission and in the Form S-4 filed by Palm on September 26, 2003, as amended, in connection with the proposed merger of the Palm Solutions Group and Handspring. Handspring assumes no obligation to update the forward-looking information contained in this press release.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
On July 3, 2003, in connection with the proposed reorganization transaction involving Palm, PalmSource and Handspring, Palm filed with the SEC a Registration Statement on Form S-4 containing a proxy statement/prospectus. In addition, on July 3, 2003, PalmSource filed with the SEC a Registration Statement on Form S-4 containing a prospectus relating to the distribution of PalmSource shares to the existing stockholders of Palm. Investors and security holders are urged to read these filings as amended because they contain important information about the reorganization transaction described herein. Investors and security holders may obtain free copies of these documents and other documents filed with the Securities and Exchange Commission at the Securities and Exchange Commission's web site at www.sec.gov. In addition, investors and security holders may obtain free copies of the documents filed with the Securities and Exchange Commission by Palm by contacting of Palm Investor Relations (877.696.7256 or palm.ir@corp.Palm.com). Investors and security holders may obtain free copies of the documents filed with the Securities and Exchange Commission by Handspring by contacting Handspring Investor Relations (650.230.5070 or investorrelations@Handspring.com). Investors and security holders may obtain free copies of the documents filed with the Securities and Exchange Commission by PalmSource by contacting PalmSource Investor Relations (Al Wood at 408.400.3000 or Al.Wood@Palmsource.com).
Handspring and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Handspring and Palm in connection with the reorganization transaction described herein. Information regarding the special interests of these directors and executive officers in the reorganization transaction described herein is set forth in the joint proxy statement/prospectus, dated September 26, 2003. Additional information regarding these directors and executive officers is also included in Handspring's proxy statement for its 2002 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on October 1, 2002. This document is available free of charge at the Securities and Exchange Commission's web site at www.sec.gov and from Handspring by contacting Handspring Investor Relations (650.230.5070 or investorrelations@Handspring.com).
Handspring, the Handspring logo, Treo, the Treo logo, and Visor are trademarks of Handspring, Inc. and may be registered in certain jurisdictions. All other brand names are trademarks of their respective owners.
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