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

To: Tom R. Clarksburg who wrote (3225)	12/29/2000 8:15:44 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 6784

"Is Palm sweating? Not a chance" "For the king of the handheld world, every number but the one on the stock ticker is looking good. Plus: Visa has the goods on online holiday spending, past and present. " By Mark Anderson "Palm, the maker of the world's most popular handheld computing devices, has had a few digits amputated from its share price over the past month. But don't let that obscure the fact that it seems to have its business well in hand. Palm (PALM, news, msgs) beat Wall Street earnings estimates last week by a bit and continued huge year and sequential numbers for its fiscal second quarter of 2001. Only its high price/earnings ratio -- and even higher earlier "whisper" expectations -- probably kept it from recovering more price ground in the past few days. Here are the numbers: pro forma net income (excludes intangibles) was $27.5 million, up 77.4% year over year from $15.5 million; on revenues of $522.2 million, up 102% year over year from $258.6 million. Actual net income was $20.3 million, up from $12.9 million year over year. This quarter represented the fourth consecutive quarter of above-100% revenue growth for the company. Palm shipped 2.1 million units in its second fiscal quarter, up 45% from the first quarter. Total devices shipped to date now number around 11 million. The stock has lost half its value in the last couple of weeks, rebounding since this financial report was released. Palm has just released its Palm OS 4.0 to beta testing at its recent developers' conference and simultaneously released new information on specs for 5.0, including support for SMS (short messaging), e-mail event alarms, support of the ARM (Advanced Risc Machines) chip, new SD security add-ins, telephony, 16-bit color and a raft of other goodies aimed at improving wireless computing and communications. Palm execs claim that the new mass-market m100 model and the photo-focused color IIIc have both sold well this Christmas season, and a new license of the OS to Samsung has added momentum to its moves toward living on cell phones. What's wrong with this picture, other than high stock pricing? Not much. Palm continues to look like a real platform in the early stages of its growth path, with a critical mass in developers and software packages. The greatest threats to this little juggernaut, other than a natural evolution toward a slightly larger tablet format, are Microsoft (MSFT, news, msgs) and Handspring (HAND, news, msgs), with Handspring in the apparent lead on the hardware side. In response to this threat, Palm has announced a new PluggedIn initiative, hoping to garner the same level of hardware add-on support that Handspring designed into its first units. Although Handspring seems to have been doing well this season, perhaps taking some share from Palm, there is no particular reason to believe that, long term, Palm cannot also master this feature set and maintain its overall market advantage. The market itself remains explosive, and I expect that Palms (and their competitors) will turn out to have been the hottest devices sold this quarter, in terms of growth. ... Not counting Razor scooters, of course. moneycentral.msn.com Mang (Great article for the New Year from a Microsoft website !)

To: Tom R. Clarksburg who wrote (3225)	12/30/2000 4:33:49 PM
From: lkj	Read Replies (1) \| Respond to of 6784

Hi Tom, Read the article you posted carefully. In no way one can draw the conclusion that Audrey's OS is Palm OS. In fact, the article is suggesting that Audrey is NOT using the Palm OS. Also, just from a pure technical standpoint, there is zero chance that Audrey is running on Palm OS. What's the display resolution that Palm OS supports? Can Palm OS support all of the plug-ins used on the web? The Palm OS is probably 500% more expensive than a commercial STB RTOS. Palm OS connects to I/O through its external serial port. I doubt it can support as many IO devices as the Audrey. Is Audrey running on a DragonBall processor? And most importantly, there is no point to run Palm OS on a STB. Regards, Khan