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: Win-Lose-Draw who wrote (4239)	3/16/2001 1:24:03 PM
From: David E. Taylor	Read Replies (2) of 6784

WLD: Couple of things contributed to this sudden free fall: (1) There's a DJ News wire item this a.m. (read to me by my broker, can't find it yet) that Goldman analyst Mehta ("buy" rating, price target $55 last I have from him in August 2000 and a "compelling" buy at $38 in December) says that Palm is being hurt by its high P/E and high P/S ratios. (Given your aversion to GS, maybe that's your "buy" signal!) He hasn't changed his rating ot price target apparently. OTOH, the same news wire cites Andy Neff as saying that PALM is a "compelling buy" at this price level. (2) Most likely reason is the release of PC Data's report on retail sales of PDA's for February, apparently showing that PDA sales were flat to slightly down sequentially for February from January, when typically February has been better than January. Either PC Data (who monitor about 65% of brick and mortar retailers and no on-line e-tailers or direct sales channels as far as I know) or Tom of this thread is totally out in left field on sales in February. Only source I have for this right now is an ON24 report featuring analyst James Faucette of Pacific Crest Securities: on24.com I consoled myself today by telling myself that I didn't really pay $20-$25 for PALM last July, if I take credit for the COMSV trades I did as part of the spin off, my cost basis is actually nearer $10....think I'll try that line on my better half this evening! Oh well. Better go don the sack cloth and ashes for a while. This too shall pass. David T..

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