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: David E. Taylor who wrote (4055)	3/7/2001 9:53:14 AM
From: Crystal ball	Read Replies (1) of 6784

PALM buying XTND for $264 million PALM shares. I heard 264 Million shares reported by CNBC this a.m., this was mis-spoken, you are right, they meant "264 million( i.e. dollars) of Palm shares" which would be about 10 million shares at current prices on a 1:1 exchange. Still there will be a short squeeze, since as in all M&A these shares will be in LOCK UP. This will put a classical squeeze on short sellers as the demand for PALM shares is not met with current trading supply, leading to a higher price for PALM shares, which ought to be 3x to 4x their current price anyway. I also agree that PALM will beat earnings. bigcharts.com I am, Truly your$, -Crystal Ball

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