Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: P.M.Freedman who wrote (3281)	1/4/2001 10:53:52 PM
From: mr.mark	Read Replies (1) \| Respond to of 6784

go tell it on the mountain, carl baby....!!! Palm's Yankowski on Sprint PCS Agreement, Fed Rate Cut: Comment By Lisa Levenson Santa Clara, California, Jan. 4 (Bloomberg) -- Carl Yankowski, chief executive of Palm Inc., comments on the Santa Clara, California-based company's alliance with Sprint Corp.'s PCS Group to provide wireless Internet access on devices based on Palm's operating system software. He also discussed yesterday's surprise half-point cut in the overnight bank lending rate by the U.S. Federal Reserve. ``We look at this (Sprint PCS alliance) as a long-term strategic relationship, very consistent with our strategy of starting to monetise, if you will, the content and access side of our business, and we have said that that will be about 25 percent of our revenues in three to five years.'' ``We got 10 or 11 million Palm users out there. Only a small fraction of these people are Palm VIIx users that are wirelessly connected to the (Internet). This basically adds at one shot the opportunity for Sprint and Palm to convert up to 10 or 11 million users as quickly and rapidly as we can.'' ``I don't think (the rate cut) is going to change our outlook because we had a very strong holiday season, and, frankly speaking, we're still to some extent capacity constrained. We can't make our products fast enough to meet demand, so we don't know what our headroom really is. If anything, this gives us confidence that we can continue the same trends. ``As you know, we've had four outstanding quarters of 100 percent revenue growth. We're cash-flow positive and we make money. We're one of a handful of companies in the world that's over a billion dollars in sales, and still doubling revenue every quarter versus a year ago. So, we think that's going to continue, and, if anything, the Fed's cut is going to give us a little bit of breathing room to make sure that continues.'' quote.bloomberg.com