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

To: fmikehugo who wrote (2259)	10/19/2000 3:37:22 PM
From: David E. Taylor	Respond to of 6784

Mike: Shares authorized are 2 billion, current outstanding 568,000 (diluted basis), OK for the first 2:1 split (or even a 3:1 though I think that's unlikely). IMO, the first 2:1 split will not occur until PALM trades $80+ or so for a period of time, so early January would be my present guess. Q2 is going to be a blow out for PALM. I'm reworking my revenue/earnings model and still looking at $550 to $570 million in revenues vs the $500 to $530 forward guidance. IMO, the imbalance in component supply/demand for the cell phone and computer markets will have freed up enough for PALM to exceed Palm's conservative guidance. You know my position on holding PALM. Unless something changes in the fundamental business outlook or Palm's performance, I'm not selling my core PALM holding no matter what gyrations the market puts the stock through. We are all fortunate to have gotten in early on what will be a "must own" stock for the next few years, and I have a lot of confidence in Palm's management steering this thing on the right course. While I appreciate the sentiment, you have yourself to thank for buying into COMS - it's your $$ and you took the risk, as did we all. And I have an ulterior motive in posting my analysis and rationale here - as I said to Mark, I welcome others looking at what I've done and providing critical comments on any assumptions or projections. Good luck. David T.