Palm Forecast by TC:
"To:FNS who wrote (4157)
From: Tom R. Clarksburg Tuesday, Mar 13, 2001 4:05 PM
View Replies (1) | Respond to of 4161
FNS: Here is the supposed "negative" that is keeping PALM from participating in today's rally:
UBS Warburg analyst, Donald Young initiated PALM coverage today with a HOLD and 12 month target of $23/share.
But I think the quote, that more than anything is responsible for keeping the stock down today is......
"However, our weekly demand tracking shows a somewhat slowing unit trend for the first two months of 2001. We are more concerned about Palm's near-term results and believe Hand is in a better position to achieve results not far from guidance - given the richer product mix shift that it is occurring at Hand."
In my opinion, that idiot at UBS will be out on the street looking for a job after PALM announces Revenues in the $590 million to $622Million range and EPS of $.05 to .08 for the February quarter.
I just can't believe how lazy some of these analysts are especially with as much money as they make! My Sales channel checks at online and traditional (non-online retailers) paint of much more different picture! The PALM Vx shipments from February 24th to February 28th of approximately 600,000 units alone should put PALM VX sales at about 800,000 to 900,000 alone in the the quarter (about $250 to $280 million in PALM Vx sales alone!!) Brick and mortal retailers did get treated nicely during the quarter while online retailers were in severe PALM Vx inventory shortages for the entire quarter except from February 24th to February 28 massive shipment period.
Good luck to all longs!
regards
TOM" |
