TOKYO, JAPAN and SUNNYVALE, CA. November 14, 2005 –ACCESS Co., Ltd., (Tokyo Stock Exchange: 4813), a global provider of mobile content delivery and Internet access software, and PalmSource, Inc. (NASDAQ: PSRC), provider of Palm OS®, a leading operating system powering next generation phones and mobile devices, today announced that ACCESS has completed the acquisition of PalmSource. PalmSource is now a wholly owned subsidiary of ACCESS and will no longer be a separate publicly traded company.
As a result of the acquisition, each outstanding share of PalmSource common stock (NASDAQ: PSRC) has been converted automatically into the right to receive USD $18.50 in cash.
PalmSource, Inc., the company behind Palm OS®, a leading operating system powering smart mobile devices, is a leading developer of software for mobile phones and other mobile devices. Its products include a wide range of software for mobile phones at all price points. More than 39 million mobile phones, handhelds, and other mobile devices run PalmSource software. Palm has given rise to a large community of users, enterprises, developers and manufacturers, who together make up the Palm Powered™ Economy. More information about PalmSource is available at www.PalmSource.com, www.PalmSource.co.uk, www.PalmSource.fr, www.PalmSource.de, www.PalmSource.com/es and www.PalmSource.com.cn.
About ACCESS Co., Ltd.
ACCESS is a global provider of mobile content delivery and Internet access technologies to the beyond-PC market. Its NetFront™ browser, widely recognized as one of the most advanced Internet browsers in the world, is a cornerstone to the company’s vision of making the ubiquitous Internet a reality. NetFront technologies are delivering full Internet browsing and related services to next-generation mobile devices and consumer electronics ranging from digital TV to automobile telematics. For more information: www.access.co.jp or www.access-us-inc.com.
Copyright © 2005, ACCESS Co., Ltd. and PalmSource, Inc.
ACCESS and NetFront are trademarks or registered trademarks of ACCESS CO., LTD. in Japan and other countries. PalmSource, Palm OS, Palm Powered and certain other trademarks and logos are trademarks which are either owned by PalmSource, Inc., or its affiliates or are licensed by PalmSource, Inc., from Palm Trademark Holding Company, LLC, and which may be registered in the United States, France, Germany, Japan, the United Kingdom and other countries. All other trademarks belong to their respective owners.
ACCESS Co., Ltd., Japan
+81 (3) 5259-3685
Access China Inc.
+86 (10) 6566-9636
ACCESS Systems Europe GmbH
+49 (208) 8290-6432
ACCESS Co., Ltd. U.S. Branch
+1 (408) 400-1543
+1 (408) 400-1942