Handspring IPO Takes Off, Up in Early Trading

BOSTON (06/21/2000) - Hand-held computer maker Handspring Inc. saw its share price rise 30 percent early Wednesday during its initial public offering.

Handspring, [Nasdaq symbol HAND] debuted at a price of $US20 a share and released 10 million shares, hoping to raise US$200 million. It had gained US$6.19 by noon and saw share volume of more than 6 million shares.

Two years ago, Jeff Hawkins and Donna Dubinsky left Palm Inc. and started Handspring. Its main hand-held device is the Visor handheld organizer and it operates on the Palm OS.

Palm saw its stock price soar to US$165 during its IPO in March, but it since has witnessed a sharp decline. Its shares traded at $26.75 at midday Wednesday.

Handspring, in Mountain View, California, can be reached on +1-650-230-5000 or on the Web at http://www.handspring.com/.

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