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

To: mr.mark who wrote (3239)	1/1/2001 4:46:34 PM
From: Mang Cheng	Respond to of 6784

The Barron's piece has lots of inaccuracies. <they're all cash-flow negative.> and <their share prices are unsupported by earnings, > Palm is cash flow positive and making money so I don't know what he is talking about. Rimm just turned in a qtr with positive earning. Hand has ton of cash and won't need another offering soon. Mang

To: mr.mark who wrote (3239)	1/1/2001 6:43:26 PM
From: pass pass	Respond to of 6784

As he puts it, the product choice here is growing daily, which is great for the consumer, bad for the producer. But the same is true with cell phone industry, there will be one king emerges to be the next NOK. Hope it's PALM.

To: mr.mark who wrote (3239)	1/2/2001 2:33:49 AM
From: xtahce	Read Replies (1) \| Respond to of 6784

Get to know the Abelson & Kass tag team.... Isn't it odd that short-sellers often lobby journalists to push their positions, but owners themselves aren't supposed to talk up their positions? Wrong! Rear Echelon Revelations A Look Inside the Inner Sanctum By James J. Cramer ...With these futures and this negativity, I figure Kass-to-Abelson-to-Barron's-to-CNBC may be headed to the end zone. Except we have seen these game films. We know that Abelson's effect is very limited these days. ...Of course, I am long, and you could argue that I am just trying to bolster my position. But before you make that judgment, what is Kass (a good man, by the way) doing other than bolstering his short position by using Abelson? I always thought it was quite unusual that it is accepted practice that short-sellers (as well as long buyers) could lobby influential journalists to push their positions, but owners themselves aren't supposed to talk up their positions. I'm talking up mine. I think Abelson's anti-Net rap, bolstered by the usual army of short-sellers, is painful and wrong. If I were a short-seller, I would use Abelson as a chance to bring my short in. Oops, that's how the game is played. I forgot. I am not supposed to reveal the secrets of the inner trader-to-journalist sanctum. Ooh, is Abelson gonna bash me now. thestreet.com Guess who Abelson & Kass panned in an article titled '"Where's Fillmore?"' last August as well?... the very same companies that they're now saying to be the threat against Palm, Handspring and Research In Motion. Kass has already covered his short on those from August (see his covering statement below) and will be doing so again with PALM, HAND & RIMM once this article takes effect... -Doug Kass of Seabreeze Partners is shorting the security due to a downturn in the cell-phone market, which affects semiconductor manufacturers, such as this one... -Doug Kass of Seabreeze Partners is bearish on the industry, and believes the security may fall further. (No Additional Reasons Cited) validea.com Also from a Nov'00 article (can't provide link, it was from a magazine that I picked up on my air travels) November 2000 ...“I’ve always been short-oriented,” Kass says. “I’ve always been a guy who sees the glass as half-empty, not half-full. But short selling can be a very dangerous occupation. An investor who shorts can lose an infinite amount. “Most recently I’ve been shorting the wireless stocks or cellular stocks—companies like Qualcomm Inc. [QCOM], Nokia Corp.[NOK] and Ericsson Telephone [ERICY]”... Can you share some successful short calls? Most recently I’ve been shorting the wireless stocks or cellular stocks—companies like Qualcomm Inc. [QCOM], Nokia Corp. [NOK] and Ericsson Telephone [ERICY]—and that has been a successful strategy. I’m no longer short, but over the last 12 months, shorting the long-distance companies like Worldcom Inc. [WCOM] and Sprint Corp. [FON] has been a profitable foray. --------------------------------------------------- Sorry, I can't beleive Kass made those kinds of percentage gains in 1999... Back on Aug 16, 1998 he was calling for a DOW of 2350 and a NASDAQ of 505.60 by the end of Q1 in 2000. Please take the time to read this column Kass did, it tells a whole different story when you read between the lines: ...The Great Bear Market will hit bottom in the first quarter of the year 2000, with the economic and financial distress caused by the Year 2000 problem. The DJIA will have dropped by three-quarters by the first quarter of that year from its high of 9400 (17-Jul-98 interday High of 9412.60 and 75% off 9400 would bring the DOW down to 2350). The Nasdaq Composite Index will have dropped by a similar amount by then (20-Jul-98 interday High of 2022.40 would bring the Nasdaq down to 505.60) I predict that 90% of the stockbrokers now practicing will be out of a job by Jan. 1, 2000. The overall unemployment rate will rise to approximately 15%, a mini-depression number. Yes, these are extreme views. How can I be so certain about all of this? One final reason: Recently, a majority of my limited partners withdrew their capital from Kass Partners, L.P., my short fund, causing me to close the partnership! thestreet.com Just thought you should know exactly who the who is out there talking the wireless industry down. Don't get me wrong, I strongly believe in working the markets both long and short, but when I read someone like this person... all I see is bitterness and you can't trade on emotions regardless if you're long or short. It will dig your grave everytime! Best of Investing X