Palm to Buy AnyDay.com
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Palm Inc. agreed to buy closely held AnyDay.com for $80 million in cash and stock options to add an Internet-based time-management calendar product. The acquisition would be Palm’s first since it was spun off from 3Com Corp. in March. AnyDay.com’s Internet-based calendar software will be integrated into Palm’s hand-held organizers. The Cambridge, Mass., headquarters of AnyDay.com will be kept open to help Palm improve its business on the East Coast. Shares of Santa Clara, Calif.-based Palm fell $1 to close at $23 on Nasdaq.
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