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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?

To: mr.mark who wrote (1437)	8/29/2000 3:21:21 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 6784

Mark: If you had CNBC on, you just heard Maria skewer the unfounded rumor (that surfaced here over the weekend) that PALM has 532 million shares coming out of lockup today. Merrill's analyst (missed his name) was quoted as saying that the rumor was false, that all the 532 million distributed shares have been freely tradable since PALMV started trading before 7/27/00, and that he had confirmed this fact with PALM's management. He also reiterated his short term "accumulate", long term "buy", and expects Q1 revenues at $390 million. That's at the upper end of PALM's guidance of $375 to $390 million, and at the lower end of my estimate range which (right now) is $395 to $425 million. But then I'm an optimist and unlike a bona fide analyst, I only risk getting pilloried on SI instead of on CNBC! More on my revenues/earnings predictions for PALM later when I've done some more work - I'm presently mired down in QCOM's 10Q's, what a mess they are. David T. P.S. Merrill's guy was also quoted as saying that there are shortages of Palm's at online retailers, as indicated by the OneChannel.net report that Andre posted.