Over time, WeSync's talent and intellectual property will enable Palm handheld users to expand information sharing beyond their own PCs to groups via the web, mobile phones or servers behind a corporate firewall. Wireless synchronization of information such as calendars, contact lists and corporate information is a huge growth area, and the acquisition of WeSync will give Palm an arsenal of talent and resources to apply to its platform and speed great products and services to market. Over the longer term, WeSync's technology has the potential to drive a new usage model and deliver important new features and workgroup applications for Palm handheld owners. The acquisition is expected to close within Palm's third fiscal quarter, following satisfaction or waiver of customary conditions to close, including without limitation, approval from WeSync's shareholders. Our merged strengths will enhance the Palm OS by enabling the development of advanced group synchronization applications for wireless and wireline solutions.
Customers are free from being tethered to their desktop PCs.
WeSync web properties and the capabilities they offer will be integrated into the AnyDay web calendaring service. The MyPalm portal will evolve over the coming months to provide dynamic services, aggregation of personal web pages such as banking and loyalty programs, wireless downloading of applications and other rich content. WeSync will help groups of users share calendar, address, database and other information within personal or professional communities. Longer term, the combined engineering talent will give Palm customers more capabilities around N-way, wireless and web synchronization. As a result, Palm and its 130,000 registered developers will be able to deliver new classes of workgroup applications and to build on its leadership in wireless data access.