Leading handheld maker Palm Inc. said Tuesday that it has appointed a board of directors for its operating system (OS) subsidiary PalmSource Inc., in a further move to create two separate companies for Palm hardware and software.
The push to divide the units is meant to give the software business more freedom in recruiting licensees without concerns being raised over whether Palm's hardware side has an unfair advantage using the company's OS.
Palm Chairman and Chief Executive Officer (CEO) Eric Benhamou was named Chairman of PalmSource's board, and is joined by PalmSource President and CEO David Nagel. Rounding out the five-person board are Satjiv S. Chahil, former chief marketing officer at Palm, high-tech private investor Robert J. Finocchio Jr. and Jean-Louis Gassee, president and CEO of Computer Access Technology Corp.
The announcement of the board comes one day before Palm is due to issue its quarterly results.
Stock in the Santa Clara, California, company (PALM) climbed 6.25 percent to U$1.53 a share following the news.