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

To: Mang Cheng who wrote (2178)	10/16/2000 11:40:14 AM
From: FNS	Read Replies (1) \| Respond to of 6784

Seems like PALM tried to top the old 57 high today...got to 56 3/8 and now selling off with other techs... Have we reached a short term top in here??? Comments welcomed! But am surprised PALM has moved up so vigorously in short term! Now concerned that PALM high market cap can not be sustained! Hope I'm wrong! FNS

To: Mang Cheng who wrote (2178)	10/16/2000 3:23:07 PM
From: P.M.Freedman	Read Replies (1) \| Respond to of 6784

Following Goldman, Lehman goes long: Lehman Bros. analyst Jeffrey Applegate told clients Monday that the S&P 500 remains "fundamentally undervalued" regardless of "whether the trough in the market was this week or lies ahead." Applegate said the firm still doesn't think there is a "serious" inflation problem on the horizon. He noted that core consumer price inflation is at 2.5 percent, meaning it has "barely budged" since the end of 1998 when it stood at 2.4 percent. However, Applegate said the latest spurt in oil prices, which should lead to a jump in consumer prices to 3.5 percent for the balance of year, is likely to persuade the Federal Reserve to maintain its tightening bias while keeping a rate increase on hold. He added that the unrest in the Middle East creates added uncertainty.