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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (20211)	3/2/2000 9:05:00 AM
From: Moonray	Respond to of 22053

RESEARCH ALERT-ABN AMRO starts Palm Inc. as buy CHICAGO, March 2 (Reuters) - ABN AMRO said Thursday it initiated coverage of handheld computer company Palm Inc. <PALM.O> with a buy rating and set a price target of $90 per share for the company which begins trading today. -- Analyst Jonathan Ross said Palm should garner a "significant portion" of the handheld computer market, which he valued at $155 billion. He said Palm would need to capture only one-third of that market to reach his $90 per share price target. -- "We believe Palm could become a $50 billion company in six months," Ross said in a research note. "This represents 42 times calendar year 2000 revenues." -- "Although access to Palm shares via 3Com <COMS.O> makes it hard to anticipate first day trading action, we believe Palm should trade at multiples worthy of other mobile Internet pioneers such as peers Psion and RIM, and target $90 per share," Ross said. -- Shares in Palm's 23 million share initial public offering priced Wednesday night at $38 per share, above the $30 to $32 expected range, which had been increased on Monday. Palm is a unit of data networking firm 3Com Corp. ((--Chicago Equities News at 312 408 8787, chicago.equities.newsroom@reuters.com)) REUTERS Rtr 08:52 03-02-00 o~~~ O