SUNNYVALE, Calif.–(BUSINESS WIRE)–Feb. 13, 2006–Palm, Inc., (Nasdaq:PALM) today announced that its board of directors has approved a 2-for-1 split of its common stock, which will be effected in the form of a stock dividend.

Today, Palm has approximately 51 million shares outstanding. The split, which will bring the number of shares outstanding to more than 100 million, will help the company align its capital structure to that of companies with comparable revenue.

The stock split will entitle all Palm stockholders of record as of the close of business on Feb. 28, 2006, to receive one additional share of common stock for each share of common stock held on that date. The additional shares will be distributed to stockholders on March 14, 2006. Palm stock will begin trading on NASDAQ at the split-adjusted price on March 15, 2006.

About Palm, Inc.

Palm, Inc., a leader in mobile computing, strives to put the power of computing in people’s hands so they can access and share their most important information. The company’s products for consumers, mobile professionals and businesses include Palm(R) Treo(TM) smartphones, Palm LifeDrive(TM) mobile managers, and Palm handheld computers, as well as software, services and accessories.

Palm products are sold through select Internet, retail, reseller and wireless operator channels throughout the world, and at Palm Retail Stores and Palm online stores (http://www.mytreo.net/store).

Palm, Treo and LifeDrive are among the trademarks or registered trademarks owned by or licensed to Palm, Inc. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.

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