Movistar and Palm Launch Treo 700wx in Venezuela

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CARACAS, Venezuela, Dec 13, 2006 (BUSINESS WIRE) -- Movistar and Palm, Inc. (Nasdaq:PALM) today launched the Palm(R) Treo(TM) 700wx smartphone in Venezuela. The Treo 700wx combines a great mobile phone, comprising all the functionality and ease of use for which Treo smartphones are known, with the power and security of Microsoft Windows Mobile 5.0 favored by many businesses.(1)

Movistar, the leading cellular telephone company in Venezuela, offers its clients devices that make their lives easier and improve their productivity because they provide a series of communications tools on a single device. Each device can be adapted to the clients' special needs, and they can pick their most convenient alternative depending on their activities.

"The new Treo 700wx is a device perfectly in line with movistar's strategy, which is aimed at offering corporate clients integrated solutions and services enabling them to meet all their communications and connectivity needs," said movistar Vice President Roberto Casado. "This makes movistar an indispensable partner in supporting the development and expansion of large companies' operations, as well as fostering the growth of developing businesses, and makes Treo smartphones an indispensable tool for business today."

For customers who prefer to have Microsoft's Windows operating system applied across all their corporate computing assets, the new Treo 700wx gives users a convenient way to access their business-critical and Microsoft Word, Excel(R) and PowerPoint(R) documents at broadbandlike download speeds.

"Palm's goal is to give our customers more choices to satisfy the growing demands of the mobile work force," said Miguel Hernandez, director, Palm Latin America. "The Palm user experience combined with ready access to Microsoft's world-class email solution gives mobile professionals a true competitive edge and helps to extend Palm's reach into the enterprise market."

"Mobility today means far more than reading email outside the office," said Gonzalo Fernandez Tinoco, general manager for Microsoft Venezuela. "People need to be able to access Microsoft Word, Excel and PowerPoint documents, manage their calendars, search the Internet, access instant messaging and more with a single device. We are pleased that movistar and Palm are launching the Treo 700wx to provide their customers with a powerful smartphone that answers the needs of life on the go."

Information about the Palm Treo 700wx smartphone is available at www.palm.com/Treo700w.

About movistar Venezuela

Movistar, an affiliate of Telefonica, leads the Venezuelan cellular phone market with 8 million clients at the end of September 2006 and is a leader in the launching of the most innovative products and services.

About Telefonica

Telefonica is a world leading telecommunications company listed in the stock market. Its business activity is focused on the fixed and mobile telephone businesses with broadband as a key tool for the development of both businesses.

It is present in 23 countries and has a client base of over 195 million accesses worldwide. Telefonica has a strong presence in Spain, Europe and Latin America, where the company concentrates its growth strategy.

Telefonica is a privately-owned company. It has over 1.5 million direct shareholders. The company's share capital is divided into 4,921,130,397 ordinary shares listed in the Spanish stock markets (Madrid, Barcelona, Bilbao and Valencia) and in the London, Paris, Frankfurt, Tokyo, New York, Lima, Buenos Aires and Sao Paulo stock exchanges.

About Microsoft in Venezuela

Since its arrival in Venezuela in 1991, Microsoft has been working to promote the use of technology among its citizens as the opportunity enabler of growth and development.

Nowadays, more than 40,000 Venezuelans are part of the Microsoft family, from software developers, university students, computer assemblers, distribution channels, business partners to our own employees, that work every day so that technology represents a valuable present and future for everybody in the country.

About Palm, Inc.

Palm, Inc., a leader in mobile computing, strives to put the power of computing in people's hands so they can access and share their most important information. The company's products for consumers, mobile professionals and businesses include Palm(R) Treo(TM) smartphones, Palm handheld computers, and Palm LifeDrive(TM) mobile managers, as well as software, services and accessories.

Palm products are sold through select Internet, retail, reseller and wireless operator channels throughout the world, and at Palm Retail Stores and Palm online stores (http://www.palm.com/store).

More information about Palm, Inc. is available at http://www.palm.com.

(1) Within wireless service coverage area only. Availability and coverage depends upon carrier and the geographic scope of international roaming agreements. Email, messaging and web access requires data services from a mobile service provider at an additional cost.

Palm, LifeDrive and Treo are among the trademarks or registered trademarks owned by or licensed to Palm, Inc. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.

SOURCE: Palm, Inc.

Palm, Inc.
Jimmy Johnson, 408-617-7456
jimmy.johnson@palm.com
or
A&R Edelman for Palm, Inc.
Kristine Boyden, 650-201-8830
kboyden@ar-edelman.com

Copyright Business Wire 2006

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