Palm unveils new company name

Palm plans to call its handheld computing company PalmOne, following the anticipated spin-off of its operating system (OS) business later this year.

The name change represents a new beginning for the company, Palm said Monday in a statement.

The handheld computing company is focusing increasingly on converged handheld devices, aided by its proposed acquisition of Handspring.

Palm announced its intention to buy the handheld rival in June, saying it planned to merge its Palm Solutions Group with Handspring to form a new company with a new name. That business, now unveiled as PalmOne, will encompass Palm's Zire and Tungsten brands, as well as Handspring's Treo line after the acquisition, Palm said.

Palm's OS business, dubbed PalmSource, is due to be spun off later this year.

The company has already launched a PalmOne Web site at http://www.palmOne.com, although the brand name is not due to appear on handhelds until 2004, Palm said.

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