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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: P.M.Freedman who wrote (4041)3/6/2001 6:58:53 PM
From: Mang Cheng  Read Replies (1) of 6784
 
P.M. I think the XTND purchase is very positive. This deal will diversify Palm further away from a 95% hardware company. Xtnd has a gross margin of 60% which will be good to Palm. Xtnd seems to be having some cashflow problems and running low on cash so it must welcome to swap itself with Palm at this low price. One good thing about xtnd is that it has no debt on its balance sheet.

This is also another endorsement of Palm at this price level. Xtnd's management must be believing that by owning Palm they will do much better by owning xtnd going forward ! Also, let's say compaq wants to buy you up and Palm also wants to buy you up, and the terms are equal, who do you want to sell to ? The answer is obvious.

Mang
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