LONDON (03/16/2000) - Palm Inc. has launched a Japanese subsidiary, Palm Computing K.K., to market and sell Japanese versions of Palm handheld products, the company announced yesterday.
Along with the new subsidiary, which will have headquarters in Tokyo, the company also launched two hand-held products for the Japanese market, the Palm IIIc and Palm Vx, Palm said in a statement.
The products should be available on the market in April with suggested retail prices of 49,800 yen (US$471.60) for the Palm IIIc and 41,800 yen for the Palm Vx, Palm said.
The Japanese versions of the Palm products will be sold in 3,000 computer and consumer electronics stores across Japan, Palm said.
The Representative Director of Palm Computing K.K will be Craig Will who has been overseeing the Japanese market from Palm's headquarters in California, Palm said.
Palm, formerly a wholly-owned subsidiary of 3Com Corp., was spun off into its own company at the beginning of this month with an initial public offering price of $38. The stock closed at $55.75 upon yesterday's trading on the Nasdaq exchange. [See 'Palm's Price Skyrockets in Initial Public Offering," March 2.]Palm, in Santa Clara, California, can be contacted at +1-408-326-5000, or at http://www.palm.com/. Palm Computing K.K., in Tokyo, can be contacted at http://www.palm-japan.com/. 3Com, in Santa Clara, California, can be reached at +1-408-326-5000, or at http://www.3com.com/.