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

To: David E. Taylor who wrote (1442)8/29/2000 9:18:12 PM
From: P.M.Freedman  Read Replies (2) | Respond to of 6784
 
Someone was trying to make the lockup expiration a big deal, but failed.
news.cnet.com



To: David E. Taylor who wrote (1442)8/29/2000 10:27:12 PM
From: Bob Kim  Read Replies (1) | Respond to of 6784
 
David,

Crawford took over from Ching shortly after the report you referenced. I think he initially held on to the $65 price target.

On 6/29, he lowered the price target to $31 at the same time setting the $390 million revenue estimate you mentioned.

Crawford's tendency is to set price targets 15-20% above the recent stock price for his 2-1 rated stocks. At ML, many price targets are a function of stock price rather than fundamentals.

Bob


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