Qualcomm to Invest in Handspring

Qualcomm to Invest in Handspring

Written By
Carmen Nobel
Carmen Nobel
Dec 19, 2001
1 minute read
eWeek content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Handheld computer maker Handspring Inc. on Wednesday announced that wireless technology company Qualcomm Inc. is buying 1,838,945 shares of Handspring common stock, an investment worth $10 million.

Handspring, of Mountain View, Calif., also announced a public offering of 7 million shares at $5.50 apiece.

Proceeds will be used for “general corporate purposes,” which may include capital expenditures, investments and acquisitions, according to a company statement.

Handspring manufactures handheld computers and smart phones based on the Palm OS and has been giving Palm Inc. a run for its money in the handheld hardware business.

Palm recently announced that it had received an investment of $50 million from an unnamed company.

eWeek Logo

eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site's focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.