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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?

To: FNS who wrote (3299)	1/6/2001 4:01:58 PM
From: Mang Cheng	Respond to of 6784

"Garmin Licenses Palm OS Software for Location-Enabled Handhelds" OLATHE, Kan. and SANTA CLARA, Calif., Jan. 6 /PRNewswire/ -- Garmin Corporation, a unit of Garmin Ltd. (Nasdaq: GRMN - news), a leading provider of navigation, communication and information electronics, and Palm, Inc. (Nasdaq: PALM - news), a leading provider of handheld computers, have entered into a licensing agreement to incorporate Palm OS® software in a new line of handheld products with Garmin's GPS hardware and software. Under the terms of the agreement, Garmin Corporation will develop, manufacture and market location-enabled handhelds that will be able to run the thousands of applications available for the Palm OS platform, thus diversifying Palm Powered(TM) handheld offerings. ``We are pleased to be a licensee of the Palm OS and look forward to utilizing this technology in our location-enabled devices,'' said Gary Kelley, director of marketing, Garmin International Inc. ``Location technology is becoming a key ingredient in mobile computing platforms. The convergence of location technologies with Personal Information Management (PIM) and communication functions will provide customers a higher level of convenience and confidence, particularly when traveling to unfamiliar destinations.'' ``Palm looks for market leaders to expand the Palm(TM) Economy in new directions,'' said Alan Kessler, chief operating officer for Products and Platform at Palm, Inc. ``Location-based services and wireless applications are key components in our efforts to expand the Palm Economy. Garmin's leadership and strength in GPS solutions will provide customers with handhelds that are well-equipped to provide information about where they are, wherever they are.'' Palm Powered products will complement Garmin's already broad line of GPS-enabled products. In 1999, Garmin introduced the eMap(TM), a handheld electronic map/GPS with the ability to locate addresses and points of interest, such as hotels and restaurants. The eMap joined the family of more than 50 models of GPS devices designed and manufactured by Garmin. About Garmin Garmin Corporation and Garmin International Inc. are members of the Garmin Ltd. group of companies. Garmin Ltd., through its operating subsidiaries, designs and manufactures navigation, communication and information electronics. The company's full product line serves the aviation, marine, outdoor recreation, automotive, wireless and OEM markets. The company is incorporated in the Cayman Islands and its principal subsidiaries maintain offices in the United States, Taiwan and the United Kingdom. For more information, visit the Virtual Press Room at www.garmin.com/pressroom , or contact the Media Relations department at 913-397-8200. biz.yahoo.com