The creators of 3Com's Palmpilot personal digital assistant have set up their own company to produce consumer handheld computers.
Donna Dubinsky and Jeff Hawkins left 3Com in July and set up their own business called JD Technology. This has now been renamed Handspring and received venture capital funding from two firms, Kleiner Perkins Caufield & Byers, and Benchmark Capital.
The new company will license the Palm operating system from 3Com, which bought the Palmpilot design and its creators and has turned it into the market leading PDA. However, Palm is under pressure from Microsoft's cutdown operating system, Windows CE, and from Psion's Epoc, which has been adopted by the Symbian smartphone consortium.
Are you paying attention?
Private equity firm Permira only acquired Magento from eBay for $200m three years ago
Before robots can take over from humans, we need more humans
It's not easy not being evil