In January 2002, Palm, Inc. set up a wholly owned subsidiary to develop and license Palm OS,Palm Completes Formation of Palm OS Subsidiary as Palm Powered Devices Hit 20 Million Sold, Palm press release, January 21, 2002 which was named PalmSource in February.Palm OS Subsidiary CEO Outlines Vision For Future Of Mobile Computing, Palm press release, February 5, 2002 In October 2003, PalmSource was spun off from Palm as an independent company, and Palm renamed itself palmOne.PalmSource Spins Out From Palm, Inc., PalmSource press release, October 28, 2003. palmOne and PalmSource set up a holding company that owned the Palm trademark.
