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Strategies & Market Trends : Angels of Alchemy

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To: SirRealist who started this subject	12/20/2000 4:45:28 PM
From: Teri Garner	Read Replies (1) of 24256

16:33 ET Palm Inc (PALM) 38 3/16 -5 7/16: Trading down another 6+ points to 31 1/2 despite beating earnings; appears that an unimpressive revenue number of $522.2 mln (we saw estimates of $525-529 mln from two firms), and a larger than expected decline in gross margins to 36% (Merrill Lynch expected 37-38%) are responsible for the after hours weakness.

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