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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: Mang Cheng who wrote (4032)3/6/2001 4:54:35 PM
From: David E. Taylor  Read Replies (1) of 6784
 
Mang:

XTND has a market cap of around $250 million at $23/share. That's either 25% of Palm's cash, or 13 million shares, even without any buyout premium.

XTND traded as high as $140 this time last year and $60+ as recently as 9/00. Hard to see what value to place on XTND based on a quick perusal of its financials - about $54 million in annual sales and running mostly at a loss since its IPO in 3/98.

Hopefully it will be seen as a positive move by the street.

David T.
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