COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-58.1%

Nov 14 9:30 AM EST

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To: David E. Taylor who wrote (20516)	3/27/2000 10:12:00 AM
From: Moonray	Read Replies (1) of 22053

RESEARCH ALERT-Merrill starts Palm NEW YORK, March 27 (Reuters) - Merrill Lynch said analyst Michael Chinng on Monday started coverage of Palm Inc. <PALM.O> with a near-term accumulate, long-term buy rating and a 12 to 18-month price target of $65 per share. -- said Palm stock is trading at 17 to 19 times fiscal 2001 revenues, but below the 27 to 29 times range of wireless data pure-play Research In Motion Ltd. <RIMM.O>. -- said Palm's multiple could expand as its wireless presence increases. -- on March 2, Palm sold 26.5 million shares in its initial public offering at $32 per share. -- said Palm's share price will be linked to parent company 3Com Corp.'s <COMS.O> through August and said the arbitrage between the two stocks could push Palm lower, 3Com higher, or both. -- said Palm is the dominant brand in handheld Internet appliances and the company should be able to leverage the powerful Palm Economy (users, developers, and partners) for an important role in the wireless data industry. -- said competition will intensify in the coming months as Research In Motion, Intel Corp. <INTC.O>, Microsoft Corp. <MSFT.O>, Samsung Electronics Co. Ltd. <05930.KS> and the Symbian partners introduce wired, wireless, and smartphone products. (( -- New York Equities Newsdesk 212-859-1700)) REUTERS Rtr 09:30 03-27-00 o~~~ O

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