Registration Statement

As filed with the Securities and Exchange Commission on October 5, 2009

Registration No. 333-148528

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 1

TO FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

950 W. Maude Avenue

Sunnyvale, California 94085

(Address, including zip code of Registrant’s principal executive offices)

Amended and Restated 1999 Stock Plan

Amended and Restated 1999 Employee Stock Purchase Plan

(Full title of the plan)

Mary E. Doyle, Esq.

Palm, Inc.

950 W. Maude Avenue

Sunnyvale, California 94085

(408) 617-7000

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Stephen W. Fackler, Esq.

Gibson, Dunn & Crutcher LLP

1881 Page Mill Road

Palo Alto, CA 94304

(650) 849-5300

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

DEREGISTRATION OF SHARES

On September 30, 2009, the shareholders of the registrant approved the 2009 Stock Plan and the 2009 Employee Stock Purchase Plan (the “2009 ESPP”), which will replace the Amended and Restated 1999 Stock Plan (the “1999 Stock Plan”) and the Amended and Restated 1999 Employee Stock Purchase Plan (the “1999 ESPP”). This Post-Effective Amendment No. 1 to the registrant’s Registration Statement No. 333-148528 on Form S-8 filed on January 8, 2008 (the “Registration Statement”), is filed to deregister 1,479,582 shares previously registered that remain available for future grant under the 1999 ESPP (the “ESPP Shares”). The 1,479,582 ESPP Shares deregistered by this Post-Effective Amendment No. 1 will be registered by a subsequently filed registration statement on Form S-8 for the 2009 ESPP, and the associated registration fee paid by the registrant to register ESPP Shares issuable under the 1999 ESPP on the Registration Statement will be carried forward and applied to the registration fee necessary to register shares issuable under the registrant’s 2009 ESPP. Please note, however, that 5,189,808 shares remain subject to outstanding options previously granted under the 1999 Stock Plan that were also registered under the Registration Statement. Accordingly, the Registration Statement will remain in effect to cover the potential exercise of such outstanding options.