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  Be Incorporated Announces CEO Jean-Louis Gassee's Departure

 

Board Appoints General Counsel as New President

MENLO PARK, Calif. -- Dec. 31, 2001 -- Be Incorporated today announced the resignation of its President and CEO, Jean-Louis Gassee. Following the completion of the sale of Be's intellectual property assets to Palm, Inc., the company has been pursuing activities mainly related to winding down the business and dissolving the company as approved by stockholders at the November 12, 2001 special meeting. The Board of Directors has appointed Dan Johnston, Be's General Counsel, to serve as President during the dissolution process.

``This is the normal progression of events in a company that is winding down and dissolving,'' said Gassee. ``Mr. Johnston is best positioned to guide the company through the intricacies of the statutory dissolution process, and to help the Board determine whether an Antitrust suit against Microsoft is both viable and serves to maximize stockholder value.''

Safe Harbor Statement

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements are made only as of the date hereof, and Be undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Information about the potential factors that could affect the company's business and financial activities and results is included in the company's annual, quarterly and special reports, proxy statements and other information, which are on file with the Securities and Exchange Commission.



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Copyright 2002 by Be, Inc. All rights reserved. (Legal Info)
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