Guys Here is a BIG FYI Mark Moss Japanese Browser Maker to Acquire PalmSource By Edward J. Correia PalmSource stock went soaring on Thursday with the news that the company, which develops the Palm OS, had agreed to be acquired by Access Company Ltd., a Japanese developer of mobile content delivery and Internet access software. In an all-cash deal valued at US$324.3 million, Access will pay $18.50 per share of PalmSource stock, which had been trading at around $10. The ink was barely dry on a deal PalmSource made late last year to acquire China MobileSoft, a maker of Linux-based smart phones; its mLinux software would form the basis for all future versions of the Palm OS, the company said this summer. According to Access CEO Toru Arakawa, it was that acquisition, along with the Palm OS-based mobile applications and developer community, that made PalmSource attractive for takeover. "The acquisition of China MobileSoft provides a foundation to promote Linux-based devices," he said in a statement, in which he referred to PalmSource software as "an established worldwide platform." Palm OS reportedly is used in more than 39 million devices and boasts a developer community of greater than 400,000. The deal is expected to close by the end of this year; neither company could be reached for comment.