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Palm Grabs For $80 Million

SANTA CLARA, Calif. — Palm Computing has announced it will acquire for $80 million in cash and stock, marking Palm’s first acquisition as an independent company. is a leading web-based personal information manager (PIM) calendar supplier. It provides software that allows the calendar to reside on the Internet rather than a desktop for easily wireless multi-user access to scheduling.

Palm hopes the Internet-based calendar will serve as a basis for future “anywhere access services,” according to Barry Cottle, chief operating officer for content.

He explained that the calendar program “with time and location at its core, knows it is noon and you are in New York and can make suggestions for lunch.” A spokeswoman explained that when you book tickets for a flight, AnyDay will automatically record your travel times on a calendar and all “push information” that you have pre-assigned will then be directed to the city to which you are travelling. So if a user tells his Palm to alert him when concert tickets go on sale for a particular rock band, and that band is playing in Los Angeles during his travels there, he will be alerted, she explained.

Palm also stated statistics showing the rapidly growing market for wireless information. It said IDC forecasts there will be 78 million active Internet-based calendar users in 2003, up from 4.9 million in 1999. Worldwide, the handheld market is expected to jump from 15.8 million users in 1999 to 46.6 million users in 2003. And U.S. wireless data subscribers will climb to 23.9 million in 2003.

Currently is available as a free download from the website. It allows users to share calendar, contacts or notes with others in a defined group, and to choose from a wide variety of localized content, including sports, film, and TV schedules. It also allows users to receive reminders of time-sensitive events, such as business and birthdays.

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