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To: P.M.Freedman who wrote (37030)	12/14/1999 8:36:00 AM
From: David Lawrence	Respond to of 45548

>20% of PALM IPO for only $100 million are too low to accept. Eric B should be fired! Rest easy. They're not offering 20% of the company for $100 million. They will announce the number of shares and reprice it later.

To: P.M.Freedman who wrote (37030)	12/14/1999 8:39:00 AM
From: KyrosL	Respond to of 45548

I guess you missed the discussion of the S-1 in this thread. The $100 million is a nominal amount sited in the IPO simply to establish a SEC filling fee. GS's initial S-1, for example, sited that it will raise $10 million -- it ended up raising billions. Check out the IPO related posts from yesterday to get an idea of what's going on. As for the NOK, MOT, AOL investment, they get it at the IPO price, so it's GREAT for Palm because they are guaranteed to not flip it, thus essentially reducing the float substantially, and cementing Palm's relationship with the Gorillas of wireless telephony and the internet. The news couldn't have been better.