MILPITAS, Calif.-Palm Inc. filed the details of its planned PalmSource initial public offering with the Securities and Exchange Commission, promising the IPO would happen some time this fall.
The planned spin-off of Palm’s operating system business will help clarify Palm’s business and improve the opportunities for PalmSource, the company said.
Palm’s stock was up slightly along with the rest of the market to about $16.90 per share following the news.
