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Palm, Inc., Inc. To Join The Nasdaq-100 Index Beginning November 6, 2000

Date 30/10/2000

Palm, Inc. (Nasdaq:PALM), of Santa Clara, California, will become a component of the Nasdaq-100 Index®, effective at the beginning of trading Monday, November 6, 2000. Palm will also be included in the Nasdaq-100 Index Tracking StockSM (Amex:QQQ). Palm will replace Global Crossing Ltd. (GBLX), which is delisting from The Nasdaq Stock Market®.

With a market capitalization of over $34 billion, Palm is a pioneer in the field of mobile and wireless Internet solutions and a leading provider of handheld computers. Based on the Palm OS® platform, Palm’s handheld solutions allow people to carry and access their most critical information with them wherever they go.

The Nasdaq-100 Index, launched in January 1985, has risen over 48 percent during the past year, although past performance is not necessarily indicative of future performance and Index performance does not represent the performance of the Nasdaq-100 Index Tracking Stock. The Nasdaq-100 Index Tracking Stock represents ownership in the Nasdaq-100 Trust. The Trust holds a portfolio of equity securities that compose the Nasdaq-100 Index and aims to provide investment results that generally correspond with its performance.

The Nasdaq Stock Market lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other U.S. market. Current market capitalization is more than $5 trillion. Nasdaq is a subsidiary of the NASD, the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.