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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: TRIIBoy who wrote (12912)	2/22/2000 4:17:00 AM
From: Graeme Smith	Read Replies (1) \| Respond to of 18998

>> I expect 3Com to start falling the day of or around the IPO as there is just too much hype in the stock and the Palm IPO. I don't think so. I might change my thought's based on the first day of its trading, but currently it's expected (and priced) to IPO at about 10 billion-ish ( a bit more on current price). This is pretty huge, until you make a few comparisons. Phone.com has a market cap of just under $10B. And all they do is have a home page for a few mobile internet users. Palm has the home, connection and distribution for approximately 50 times as many users (10 times using realistic growth figures). So either Phone.com is worth less than a tenth of it's current valuation, or Palm is worth a fortune. And did I mention the hardware. Palm sells these nifty internet connected handwriting recognising personal organisers. Actually, if you want my honest opinion, Palm is worth about $10B and Phone.com somewhere between 100th and 10th of that. But as long as the market is dishonest there is arbartrige to be played. Graeme