Add-on Acquisition • Technology Hardware

U.S. Robotics Acquires Palm

On January 1, 1995, U.S. Robotics acquired technology hardware company Palm for 44M USD

Acquisition Context

This is U.S. Robotics’ 2nd transaction in the Technology Hardware sector.
This is U.S. Robotics’ 2nd largest (disclosed) transaction.
This is U.S. Robotics’ 2nd transaction in the United States.
This is U.S. Robotics’ 1st transaction in California.

Investment Fate

Palm was sold to a strategic buyer in 2000.
Palm was sold to a financial buyer in 2007.
Palm was sold to a publicly-traded strategic buyer in 2010 for 1.2B USD.
Palm was divested to a consortium of strategic buyers in 2014.

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M&A Deal Summary
Date	January 1, 1995
Target	Palm
Sector	Technology Hardware
Buyer(s)	U.S. Robotics
Deal Type	Add-on Acquisition
Deal Value	44M USD

Target Company

Palm

Sunnyvale, California, United States

Palm, Inc. is a provider of mobile devices that enable users to access and share any information, anywhere. Palm has been a pioneer in mobile since its inception, with such innovations as the PalmPilot™ (the most successful PDA in history), Graffiti™ (a simplified alphabet to input letters into the PalmPilot), and Palm® webOS™ (the first operating system built exclusively for mobile use).

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Buyer Overview 1

Buyer

U.S. Robotics

Schaumburg, Illinois, United States

Category	Company
Founded	1976
Sector	Technology Hardware

DESCRIPTION

U.S. Robotics is a producer and distributor of broadband and analog modems, and wired and wireless networking solutions. U.S. Robotics was formed in 1976 and is based in Schaumburg, Illinois.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Technology Hardware	2 of 2
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	2 of 2
Year: 1995	1 of 1
Size (of disclosed)	2 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
1994-10-20	Megahertz Holding Company Salt Lake City, Utah, United States Megahertz is a developer of modems for small computers that use credit-card-sized plug-in devices called PCMCIA cards.	Buy	$213M

DATE

TARGET

DEAL TYPE

VALUE

1994-10-20

Megahertz Holding Company

Salt Lake City, Utah, United States

Megahertz is a developer of modems for small computers that use credit-card-sized plug-in devices called PCMCIA cards.

Buy

$213M

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