Palm sets sail as Microsoft OEM | The Register

Palm sets sail as Microsoft OEM | The Register: "The industry's worst kept secret is no more. Palm, Microsoft and Verizon are to host a press conference on Monday in San Francisco to launch Palm's first Windows-based device, the Treo 700W. Late this afternoon, the Wall Street Journal confirmed the news. Snaps of the Treo 700 have floated around the internet for months, and full specifications emerged this week. Palm's shares had been clobbered as a response to its Q1 results throughout the day, but rose in late trading as the news percolated.
So a new era dawns for Palm - this time as a Microsoft OEM. It can't have been an easy decision to make. Microsoft's other great handheld competitor from the 1990s, Psion, is now a Microsoft OEM too - but it only released its first Windows machine into a vertical niche, two years after it had withdrawn from the consumer handheld market. The PalmOS Treo, meanwhile, is a hit."