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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (15112)	8/22/2002 4:21:12 PM
From: Bob Rudd	Read Replies (2) of 78673

PALM: Stepped to the sidelines @.96. This spike appears based on rumors of potential takeover by either Dell, Apple or Sony. All would be credible purchasers with 4 to 6 Billion in cash apeice...[PALM even at $2 would have an EV <$1B]and all are either in [SNE] or have indicated an interest in getting in[DELL & AAPL], the handheld biz...but I'm just real suspicious of one day 35% spikes. Even if one or more of the above is sniffing around, I'd expect some denials. Also the CEO bought 250k shares on 8/9...a definite positive...but, if there had been DD contacts, he would be leaving himself open to insider trading charges if deal were announced. It wouldn't surprise me if they do get taken out, but I would expect some pullbacks from todays speculative run-up. If I'm wrong, I'm still happy with the 35% since 8/9.

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