New & Noteworthy: Palm's new $99 handheld; Celartem acquires Extensis

Palm's new $99 handheld Reuters reports on Palm Inc's newly announced $99, entry-level handheld computer. The report says Palm is "hoping that students and casual shoppers will find the low cost digital assistant a better way to stay organized than jotting notes on scraps of paper." Reuters adds "The debut of 'Zire,' a monochrome, bare bones personal digital assistant, or PDA, comes as Palm, the leader of the market for pocket-sized computers, faces slowing demand, and aims to woo those who never before considered buying a PDA." More.

Celartem acquires Extensis Celartem Technology has announced that it acquired Extensis, Inc., a developer of software for creative professionals and the digital imaging market including a number of Mac-specific tools. Celartem Technology is wholly owned by Japan's Celartem Technology Inc., the makers of Vector Format for Zooming (VFZ) technology, a scale-to-print solution for the digital image professional and asset management markets. The company agreed to acquire Extensis, Inc. from ImageX, Inc. for $9 million in cash proceeds, with up to an additional $2.0 million due over the next two years if certain revenue targets are met. More.

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