|
 |
Handspring Press Release Archive
HANDSPRING HANDHELD COMPUTERS TO BE SOLD BY NUMBER ONE RETAILER
MOUNTAIN VIEW, CALIF. (Nov. 13, 2000) - In its continued effort to extend handheld computing to a greater consumer audience, Handspring, Inc. (NASDAQ: HAND) today announced reseller agreements with Wal-Mart Stores, Inc., a leading global retailer, and Wal-Mart.com, Wal-Mart's online retail site. Starting later this month, Wal-Mart Stores, Inc. will begin selling Visor handheld computers, accessories, and select Springboard expansion modules in 500 stores nationwide, adding significantly to Handspring's increasingly strong U.S. retail presence.
Handspring will also reach an even broader online audience through Walmart.com. At the site, customers can browse, find, and buy Handspring products, accessories, and third-party Springboard modules that may not be found in all Wal-Mart retail stores. Walmart.com offers Handspring a new opportunity to sell products to a growing base of handheld users who are loyal Wal-Mart customers and online users. The arrangement provides consumers access to Handspring products at anywhere, any time while ensuring friendly and reliable Wal-Mart customer service.
Greg Woock, vice president of North American sales for Handspring, said, "As the handheld computing market continues to grow, relationships with global retail leaders like Wal-Mart will help extend Handspring's reach into the consumer market. Wal-Mart offers a unique geographic profile that puts Handspring where people want to buy handheld computers, both in-store and online and affords us the opportunity to expand into diverse markets where we have not yet established inroads."
This agreement is a key component of Handspring's continuing focus on reaching a broader customer base through mass merchandisers that will help increase overall consumer interest in handheld computers worldwide.
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 and retail partners in the U.S., Asia, Canada and Europe, 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 degree to which Handspring's retail strategy will reach a new demographic of consumers thereby contributing to this sales growth; the likelihood that the handheld computing market will continue to grow; and the dates when Handspring products will be available in Wal-Mart retail stores nationwide. Actual results may differ materially due to a number of factors including, among others; continued consumer acceptance and demand for handheld computers; the ability of suppliers to meet demand in light of industry wide component shortages; macro-economic developments; the appeal of Handspring's Visor products to consumers that have been typically slower to adopt new technology products; 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 Form S-1 Registration Statement and Form 10-K 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.
|
|