Flash in the Pan

 Palm (PALM) acquires AnyDay.com

   *  Amount:         $80 million

   *  Premium:        1.2 million shares/$20 million cash

   *  Industry:        Content/Communities

   *  Scorecard:      B

SANTA CLARA, May 31--Palm took a large step toward implementing its vision to put the power of the Internet into the hands of mobile users, announcing a definitive agreement to purchase AnyDay.com, a leader in dynamic, Internet-based calendar solutions. The AnyDay acquisition will deliver up-to-the-minute personal services simply, anytime and anywhere to Palm-powered and other handhelds. The proposed acquisition is valued at about $80 million in cash and stock options.

 

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