PALM - The rebirth of Palm Inc. Message Board

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Technology Stocks : PALM - The rebirth of Palm Inc.

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To: Bob Kim who wrote (1937)	9/26/2000 2:34:40 PM
From: David E. Taylor	Read Replies (1) of 6784

Bob: ML raised the Q2 estimate by $3.2 million and FY 2001 by $29.9 million? Why bother? That kind of precision is meaningless with this kind of stuff. Think I'll revise my spreadsheet model to show the cents instead of just rounding to the nearest million dollars! I still have to listen to the CC and get the details, but just from the Q1 earnings release and my over-optimistic prediction, I think my $550 to $570 million for Q2 will probably wind up a bit lower around $530 to $550 million, with the full FY 2001 around $2,150 to $2,350 million, and the full year EPS around $0.2/share. At ML's 14x FY2001 revenues, that would make us fully priced right here at around $56, and still leave the current year P/E of 280 and a P/EG at 2.5! With these kinds of numbers, stand by for some "e" behavior in PALM's stock price between here and year end! OTOH, reason may prevail and the fact that we actually have some "E" in the P/E and P/EG may dampen the "e" behavior a little! David T.

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