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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Wz66LDQWMyqwkbTSfSmk8zBsIGNBUvGyiSVfsTtxzYI7juIQAENnk4TpctJi5g/m
 YVaiWDMAHLIfPS0iMLbk1Q==

<SEC-DOCUMENT>0001209191-07-061769.txt : 20071105
<SEC-HEADER>0001209191-07-061769.hdr.sgml : 20071105
<ACCEPTANCE-DATETIME>20071105155304
ACCESSION NUMBER:		0001209191-07-061769
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071024
FILED AS OF DATE:		20071105
DATE AS OF CHANGE:		20071105

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PALM INC
		CENTRAL INDEX KEY:			0001100389
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER TERMINALS [3575]
		IRS NUMBER:				943150688
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0602

	BUSINESS ADDRESS:	
		STREET 1:		950 W. MAUDE AVENUE
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94085
		BUSINESS PHONE:		4086177000

	MAIL ADDRESS:	
		STREET 1:		950 W. MAUDE AVENUE
		CITY:			SUNNYVALE
		STATE:			CA
		ZIP:			94085

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PALMONE INC
		DATE OF NAME CHANGE:	20031029

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PALM INC
		DATE OF NAME CHANGE:	19991203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bodnick Marc
		CENTRAL INDEX KEY:			0001346413

	FILING VALUES:
		FORM TYPE:		3/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29597
		FILM NUMBER:		071213905

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(650) 687-6700

	MAIL ADDRESS:	
		STREET 1:		2800 SAND HILL ROAD
		STREET 2:		SUITE 160
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>bpa35203_bpa3mb.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3/A</documentType>

    <periodOfReport>2007-10-24</periodOfReport>

    <dateOfOriginalSubmission>2007-10-25</dateOfOriginalSubmission>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001100389</issuerCik>
        <issuerName>PALM INC</issuerName>
        <issuerTradingSymbol>PALM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001346413</rptOwnerCik>
            <rptOwnerName>Bodnick Marc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2800 SAND HILL ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 160</rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series B Conv Preferred Stock, par value $0.001 per share</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>8.50</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2007-10-24</value>
            </exerciseDate>
            <expirationDate>
                <value>2014-10-24</value>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>38223176</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series B Conv Preferred Stock, par value $0.001 per share</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>8.50</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2007-10-24</value>
            </exerciseDate>
            <expirationDate>
                <value>2014-10-24</value>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>12118</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Series B Preferred Stock is mandatorily redeemable on the seventh anniversary of the original issuance date.  The Series B Preferred Stock is also subject to earlier redemption, repurchase or mandatory conversion in accordance with the terms thereof.</footnote>
        <footnote id="F2">This is the number of shares of common stock, par value $0.001 per share of Palm, Inc., issuable upon conversion of the Series B Preferred Stock as of the date of this filing.</footnote>
        <footnote id="F3">Subject to anti-dilution adjustment pursuant to the terms of the Series B Preferred Stock.</footnote>
        <footnote id="F4">These securities are directly owned by Elevation Partners, L.P. (&quot;Elevation Partners&quot;). Elevation Associates, L.P. (&quot;Elevation GP&quot;) is the sole general partner of Elevation Partners, and Elevation Associates, LLC (&quot;Elevation LLC&quot;) is the sole general partner of Elevation GP. Mr. Bodnick is a manager of Elevation LLC. As manager of Elevation LLC, Mr. Bodnick may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Exchange Act.  However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Bodnick disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F5">These securities are directly owned by Elevation Employee Side Fund, LLC (&quot;Side Fund&quot;). Elevation Management, LLC (&quot;Elevation Management&quot;) is the sole managing member of Side Fund.  Mr. Bodnick is a manager of Elevation Management. As a manager of Elevation Management, Mr. Bodnick may be deemed to be the indirect beneficial owner of such shares under Rule 16a-1(a)(2) promulgated under the Exchange Act.  However, pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Bodnick disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <remarks>On October 25, 2007, a Form 3 was filed on behalf of the Reporting Person, erroneously reporting that he was a director of Palm, Inc.
The Form 3 also erroneously reported that the Reporting Person beneficially owned shares held by the McNamee Trust U/T/A/D/ 3/27/1996.

Exhibit
List 24.1 Power of Attorney (incorporated by reference to Exhibit 2 of the Schedule 13D filed by the Reporting Person on November
2, 2007)</remarks>

    <ownerSignature>
        <signatureName>/*/  Tracy Hogan, Attorney-in-Fact</signatureName>
        <signatureDate>2007-11-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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