Palm Inc. has announced it is paying $44 million to Access Systems Americas (formerly PalmSource, Inc.) for a perpetual license to the source code for Palm OS Garnet, the version of the Palm operating system used in several Palm handheld computer and smartphones, including the entries in the company’s Treo line which aren’t running Windows Mobile. And here’s a neat trick: Palm isn’t making any additional license fees over time, and the company won’t be paying a cent until its third fiscal quarter of 2007, at which pont it will make a single payment to Access Systems which will be expensed out over the next several years.
Digital Trends
