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PalmSource gets credit from Valley bank

PalmSource announced Monday that it has selected Silicon Valley Bank as its principal bank and that it has established a $15 million line of credit it will use for working capital, if needed. SVB is the primary banking subsidiary of Silicon Valley Bancshares. PalmSource, the operating system subsidiary of device-maker Palm, is set to be spun off as a separate company after a shareholder vote due to take place on Oct. 28.