Editing Palm, Inc. (section)

===United as a single company===
[[File:Newpalmlogo.svg|thumb|200px|Palm logo, 2005–2010]]
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In May 2005, palmOne purchased PalmSource's share in the 'Palm' trademark for US$30&nbsp;million.<ref name="Palm-May-2005-8-K">{{cite web|url=http://edgar.secdatabase.com/334/119312505115930/filing-main.htm |title=Palm, Form 8-K, Current Report, Filing Date May 27, 2005 |publisher=secdatabase.com |access-date =31 December 2012}}</ref> In July 2005, palmOne launched its new name and brand, reverting to Palm, Inc. and trading under the ticker symbol PALM once again.<ref name="Palm-Jun-2005-8-K">{{cite web|url=http://edgar.secdatabase.com/1780/119312505135370/filing-main.htm |title=Palm, Form 8-K, Current Report, Filing Date Jun 30, 2005 |publisher=secdatabase.com |access-date =31 December 2012}}</ref>

In late 2005, [[Access Co.|ACCESS]], which specializes in mobile and embedded web browser technologies, acquired PalmSource for US$324&nbsp;million.

On 4 January 2006, Palm released the Palm [[Treo 700w]], the first [[Windows Mobile]]-powered Treo, in a partnership with [[Verizon Wireless]] and [[Microsoft]].

In December 2006, Palm, Inc. paid US$44&nbsp;million to ACCESS for an irrevocable license to use and modify the source code for Palm OS Garnet as well as ship Palm OS Garnet in any Palm product without paying royalties; with this arrangement, the Palm company could once again develop both its hardware and software.<ref name="Palm-Dec-2006-8-K">{{cite web|url=http://pdf.secdatabase.com/1426/0001193125-06-250644.pdf |title=Palm, Form 8-K, Current Report, Filing Date Dec 11, 2006 |publisher=secdatabase.com |access-date =31 December 2012|quote=On December 5, 2006, Palm, Inc. (Palm) entered into a definitive agreement to license the source code for Palm Operating System (OS) Garnet from ACCESS Systems Americas (ACCESS) on a fully paid-up, irrevocable (other than for certain material breaches of Palm's obligations) basis. The agreement includes the right for Palm to modify the Palm OS Garnet source code, to retain ownership of those modifications and to use Palm OS Garnet in whole or in part in any Palm product. In addition, ACCESS has expanded its license to Palm of ACCESS patents that existed as of December 2001, to cover all Palm products. Previously, this patent license had applied only to Palm products based on Palm OS. Palm will pay ACCESS a total of $44 million under the agreement subject to Palm's acceptance of delivery of the Palm OS Garnet source code and other deliverables under the agreement}}</ref>

In June 2007, Palm formed a strategic relationship with the private-equity firm [[Elevation Partners]], who purchased a 25% equity stake of the company for US$325 million<ref name="Palm-Jun-2007-8-K">{{cite web|url=http://pdf.secdatabase.com/2120/0001193125-07-130045.pdf |title=Palm, Form 8-K, Current Report, Filing Date Jun 5, 2007 |publisher=secdatabase.com |access-date =31 December 2012}}</ref> – an investment that came after months of rumours about a possible Palm sale. Palm CEO Ed Colligan acknowledged that "We were approached by larger parties over the last six months," and "the reality is that we thought this was the best outcome for our business and our investors."<ref>{{cite web|url=http://blog.treonauts.com/2007/06/palm_sells_a_qu.html|title=Palm Sells A Quarter Slice To Elevation Partners|access-date=9 June 2015}}</ref>

On 18 December 2008, Palm CEO Ed Colligan announced that the company would no longer develop any new handheld PDAs.<ref>{{cite web|url=http://www.palminfocenter.com/news/9654/colligan-no-new-palm-handhelds/|title=Colligan: No New Palm Handhelds|access-date=9 June 2015}}</ref> Palm announced the [[webOS]] operating system and [[Palm Pre]] smartphone at the [[Consumer Electronics Show]] on 8 January 2009, and released on 6 June 2009 with [[Sprint Nextel|Sprint]].<ref>{{cite web |url=http://newsreleases.sprint.com/phoenix.zhtml?c=127149&p=irol-newsArticle_newsroom&ID=1289761 |title=Sprint Newsroom &#124; News Releases |publisher=Newsreleases.sprint.com |access-date=5 January 2012 |url-status=dead |archive-url=https://web.archive.org/web/20090622225037/http://newsreleases.sprint.com/phoenix.zhtml?c=127149 |archive-date=22 June 2009 }}</ref> The design team was led by [[Matias Duarte]], Mike Bell, Peter Skillman and [[Michael Abbott]].<ref>{{cite web|url=https://www.forbes.com/forbes/2009/0622/smart-phones-blackberry-how-palm-designed-pre.html|title=How Palm Designed The Pre|author=Elizabeth Woyke|date=5 June 2009|work=Forbes|access-date=9 June 2015}}</ref>

In early 2009, the hype over WebOS sent Palm's stock from US$3 to a high of about US$18.  While reviews of the Palm Pre were positive, launching with only one U.S. carrier (Sprint, which was also a distant third in the market) proved to be a crucial mistake that limited sales, even though it became Sprint's phone. The Pre was often described as Palm's [[swan song]]<ref>{{cite web|url=https://www.theregister.co.uk/2009/06/09/palm_pre_debut_sales_speculation/|title=Palm Pre breaks Sprint sales records|website=[[The Register]] |access-date=9 June 2015}}</ref><ref>{{cite web|url=https://www.theregister.co.uk/2009/03/20/palm_results/|title=Palm bets the farm on WebOS|website=[[The Register]] |access-date=9 June 2015}}</ref> as it was too late to keep the company – with only $250&nbsp;million in cash and short- term investments at the beginning of 2009 – independent for long. By 2010 the share price of Palm dropped to below US$4.<ref>{{cite web|url=http://www.thespec.com/news/business/article/868294--rim-says-150-carriers-keep-it-from-palm-s-fate-toronto|title=RIM says 150 carriers keep it from Palm's fate (Toronto)|access-date=9 June 2015}}</ref>