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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: David E. Taylor who wrote (1915)9/26/2000 1:08:56 PM
From: Bob Kim  Read Replies (1) of 6784
 
David,

ML raised its Q2 rev estimate from $514.8 mil to $518 mil. FY01 rev estimate went from $1956.5 mil to $1986.4 mil. Not as enthusiastic as your numbers.

Hey but the analyst did raise the price target from $31 to $60. Less than three months ago, he thought 7x cal 2001E revenues was an appropriate valuation, now its 14x essentially the same revenue estimate. He's still not back to the March $65 target.
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