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Shareholders approve Palm's Handspring buy

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Shareholders approve Palm's Handspring buy

Shareholders have approved Palm's purchase of Handspring, allowing the handheld makers to merge under the name of PalmOne.

Palm stockholders also approved a spin-off of the company's handheld operating division, PalmSource.

The company announced its plan to buy Handspring and spin off its operating system business last June, saying it wanted to focus on providing handhelds and smart phones.

Palm said that its fusing with Handspring creates a stronger competitor in the handheld market.

Scarlett Pruitt writes for IDG News Service

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