P-- I posted that from the news article as I thought it rather funny,,, PALM is hardly a "one trick pony". It is a two trick pony but one investors and momo players have (had) faith in. 1st it has hardware that is being attacked by competition from every angle by many companies on its own OS plus MSFT, PSION and a list of others. Its OS is the OTHER trick,, again competition from many. Both coms and Palm have had upgrades--- both are a joke. Once (1 - 2 years) cell phones take away more subscribers PDAs will have a smaller mkt-- even AERO. Now the targets of PALM of 150 and coms at 170 is laughable,, but possible in the IPO frenzt based on hype and bullsh!t. IMO PALM should have gone out in the 16 range as initially proposed. The ipo price of 38is about all it should be worth including the hype and bs but minus the frenzy-- coms,, well being extremely generous my guess is 27. Put that together and the coms shares which now inc 1.5 palm shouls be 84,, throw in a little for the hype & bs and say 90,, for a few weeks then retract to sane levels,, then after palm dist and all those shares hit the mkt 25 coms and 25 palm,, not a rosey picture. Looking at all the $$ made playing the hype, bs, & IPO frenzy it is easy to understand why I held cpq,, I thought it was worth 40 - 45 a year ago and bought it under that,,,very wrong on both valuations,, cpq is worth in the 20s and palm is worth the same mkt cap as cpq,, the therory that palm can grow is understood,, but only so many yuppies, nerds, and execs will carry one in addition to their phone after the novelty wears off... certainly worth more than cpq,,, LOL! Well the good part of coms is the profits made would offset the losses on cpq if my entire cpq position went to MINUS 33,,, LOL!!
To make a long story short-- if CPQ were private they would not trade for COMS,, but if it were a private company doing an IPO today what would it be valued (?) at? $575 at the open? What is cpq worth today-- easy almost 28,, and PALM ,, look it up,,, LOL! |
