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Stockholders of Be Incorporated Approve Asset Sale to Palm, Inc.
MENLO PARK, Calif. -- Nov. 12, 2001 -- Be Incorporated (NASDAQ:BEOS), today
announced that the stockholders of Be have approved the sale of substantially
all of its intellectual property and other technology assets to a subsidiary
of Palm, Inc., pursuant to the terms of a previously announced asset purchase
agreement between Be and Palm. The stockholders of Be have also approved the
proposed dissolution of Be pursuant to the terms of a plan of dissolution.
Jean-Louis Gassee, Chairman and CEO of Be, said, ''On behalf of Be and its Board
of Directors, I would like to thank our stockholders for their support of the
company during this difficult period.'' It is anticipated that the transaction
with Palm will close within the next two business days.
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