BrightBytes™: PalmSource, 4GB Microdrive, Master Thief
Post by: admin on April 6th, 2009 | File Under Smartphone | Keywords Card, GPS, Handheld, Microdrive, Mobile, OS, Palm, PalmSource, PC, Pocket, ROM, Software, SonyPalm, Inc. has announced that it plans to distribute the shares of PalmSource, which develops and licenses the Palm operating system, to Palm shareholders in the first half of this year, pending approval of the distribution from the Palm Board of Directors. The company received a ruling today from the Internal Revenue Service that a proposed distribution of PalmSource shares will be tax-free to Palm and its U.S. shareholders for federal income tax purposes.
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