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Palm Looks Overtake Rivals by Going Wireless
Posted: 08-Feb-2001 [Source: Reuters]

[Palm's move to making "e-wallet" devices with both information and purchasing capabilities announced.]

San Francisco -- "Palm Inc. (NasdaqNM:PALM - news), which has not been able to extend its lead over its rivals in handheld computing devices over the past year, is looking to take new market share by rolling out Internet-linked, wireless adaptations of its popular Palm organizers.

"Carl Yankowski, Palm chief executive, told analysts and investors the company wants to move from making "personal information management" devices to Web-ready "e-wallets" that combine that information with the ability to make purchases.

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