Palm Stockholders Approve Transaction Involving Investment by Elevation Partners

In other actions, the stockholders elected Gordon Campbell and Donna Dubinsky as Class II directors to serve until the annual meeting of Palm stockholders to be held in 2010, and ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending May 30, 2008.

"We appreciate our stockholders' strong support of these proposals and look forward to an era of renewed innovation and focused execution at Palm," said Ed Colligan, president and chief executive officer.

In connection with this transaction, Palm will appoint Jon Rubinstein as executive chairman of the Board of Directors. Roger McNamee and Fred Anderson, both of Elevation Partners, will also join the Company's board.-Palm