CMS Deal to Save PalmSource Millions

Taiwan News Online: "David Nagel, president of software maker PalmSource Inc., says investing in China saved him about US$75 million in development costs and two years' work. That's a windfall for a company with a market value of US$154 million.

Sunnyvale, California-based PalmSource in December agreed to buy China MobileSoft Ltd., a developer of mobile-phone programs."

Cobalt, Schmobalt, this is gonna be big.