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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: Mang Cheng who wrote (4043)3/7/2001 9:00:04 AM
From: David E. Taylor  Read Replies (1) of 6784
 
Mang:

XTND's latest 10K is worth a read if you're so inclined, there's a section on the businesses they're in and their competition:

sec.gov

Their balance sheet looks OK- low on cash but with little debt, but they've gone from increasing revenues/profits 1996-1998 to an increasing loss 1999-2000, with revenue growth slowing. Looks like a business that was facing increasing competition and slowing revenue growth as a stand-alone, hopefully Palm will integrate the pieces they see as vital to their enterprise strategy and prune the unnecessary stuff at minimum cost. 10.3 million shares outstanding, so that's what Palm will have to issue based on 1:1 swap, not much of a dilution of Palm's share base.

Overall, it looks at first sight to be a good strategic acquisition at low cost to boost Palm's drive into the enterprise markets for mobile data communication. Odd that this came out of the blue, but it's probably giving companies like RIMM and AETH the fits.

David T.
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