Palm licenses Palm OS Garnet from Access

Dec 12 2006 - 03:52 PM ET | Backpage, Palm

Palm has cut a deal with Access for a perpetual Palm OS Garnet license. Back in September of 2005 Access bought out PalmSource, the company that makes PalmOS.

Palm paid Access $44 million for the license, which is a steal considering Access paid $324 million for PalmSource.

Under terms of the agreement, ACCESS has granted Palm specific rights to modify the code base of Palm OS Garnet for use in its devices such as the Palm Treo smartphone family and the company's other handheld computers. The agreement also grants Palm the right to use Palm OS Garnet in whole or in part in any product from Palm and together with any other system technologies.