Palm Buys Web-Based Calendar Firm

BOSTON (05/31/2000) - Palm Inc. has announced plans to purchase Inc., a maker of Web-based calendars, in a deal valued at about $80 million in cash and stock options.

Palm, which yesterday rolled out a new suite of synchronization software designed to allow enterprise users to tap into corporate data systems, called the acquisition of Cambridge, Mass.-based a "significant milestone" in its wireless strategy.

Santa Clara, California-based Palm said the acquisition of, its first deal since going public in March, is intended to provide users with the capability to easily synchronize information, such as flight schedules, with their handheld calendars.

According to Palm officials, Anyday software already synchronizes with a number of enterprise calendar software packages, including Microsoft Corp.'s Outlook and Lotus Development Corp.'s Organizer.

In a related development, Palm's high-profile push of its new synchronization software met with a swift competitive response from Inc., a Redwood City, California-based developer of software for the mobile phone market. today rolled out its new synchronization product, FoneSync Essentials, which is intended to allow users to easily synchronize electronic Rolodex information between desktop PCs and mobile phones.

Michael Mace, Palm's chief competitive officer, told Computerworld earlier this year that he considered mobile phones his "No. 2 concern after Microsoft".

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