Monthly Archive for May, 2005Page 4 of 15

PalmSource Buzz – Potential Buy out?


Fresh from the departure of PalmSource CEO David Nagel, Kate Gibson of writes an interesting article about PalmSource being riped for the picking.

“They lost a CFO in February, who was replaced by a better CFO, then they lost the head of sales in March, who was replaced by a better head of sales, and now you have the CEO leaving,” said Jamie Friedman, an analyst at Fulcrum Global Partners LLC. “It is a scenario where the company could get acquired.”

The most likely buyer would be palmOne, which use to be the hardware unit of Palm. Nagel, the former chief technology officer at AT&T Corp., joined Palm in 2001 and served as CEO, president and director at PalmSource.

But why would palmOne, which is profitable and whose stock trades at more than $27 a share, want to buy money-losing PalmSource, whose shares have fallen from a 52-week high of $27.20 to less than $9? In large part, the software maker’s value is in the licensing agreements between the two companies under which Milpitas, Calif.-based palmOne is contractually obligated to pay $88 million to PalmSource through next year.

With a market capitalization of $150 million and $75 million in cash on hand, PalmSource would cost palmOne roughly $75 million, Friedman said. But PalmSource could fetch up to $225 million from another potential buyer, Research in Motion Ltd., he said. The Waterloo, Ontario, company, which makes the popular Blackberry wireless communication device, could be willing to pay more for PalmSource to expand its presence in the higher margin software business, Friedman said.

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mySAP CRM 2005 To Support Blackberry Devices


mySAPSAP is following Microsoft Business Solutions’ lead by adopting a new naming convention for its CRM applications and wooing resellers to create vertical market add-ons to its base product. The offering, which is due to ship in the fourth quarter, will be based on the company’s NetWeaver middleware and include a new mySAP Analytics module. It will also incorporate an email response management capability to enable customers to improve the management of enquiries and promotions, and client applications supporting Blackberry devices.

TCS Launches BlackBerry 7250


TeleCommunication Systems, a leader in mission critical wireless data today announced an agreement with Research In Motion to bring the BlackBerry 7250 Wireless Handheld(TM) to TCS customers in the United States. With BlackBerry(R), mobile professionals maintain wireless connectivity to a full suite of applications including email, phone, enterprise data, Internet, text messaging and organizer applications while on the go.

Continue reading ‘TCS Launches BlackBerry 7250′

Nextel Teams with Visto To Launch Push Email


Nextel Communications Inc. and Visto Corporation announced the launch of Mobile Email Enhanced, the first email service for Java-enabled mobile phones with full synchronization and a PDA-like feel. Mobile Email Enhanced pairs ConstantSync, Visto’s wireless synchronization technology, with an on-the-phone application to provide real-time access to email, contact lists, and calendars.

Continue reading ‘Nextel Teams with Visto To Launch Push Email’

PalmSource CEO Nagel Resigns


David Nagel, president, CEO and director of mobile operating system developer PalmSource , is vacating his role at the company, officials said Monday. Taking his place is the Sunnyvale, Calif., company’s top salesman, Patrick McVeigh, senior vice president of worldwide licensing, who the board of directors nominated as interim CEO. Nagel will remain with the company through July on an advisory basis. Maureen O’Connell, a PalmSource spokeswoman, would not comment on the executive move, saying only that Nagel stepped down and the board of directors has initiated a search for his replacement.

Nagel joined Palm in 2001 to run the handheld computer maker’s software unit, which eventually was spun off as PalmSource. Nagel, a former AT&T chief technology officer, was named PalmSource’s CEO later in 2001 and helped take the company public in 2003. PalmSource’s stock has crumbled since its IPO, falling from about $40 a share to its Friday Nasdaq close of $9.01.

T-Mobile Austria Releases Updated Blackberry Connect Software


A reader submitted that T-Mobile Austria has released an updated version of their Blackberry Connect client for the Sony Ericsson P910i. Blackberry Connect allows non-RIM hardware to receive Blackberry push email. Some devices that include the Blackberry Connect technology are the Sony Ericssion P910i, Siemens SK-65, and the MDA II.

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