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

To: Sawtooth who wrote (3711)	2/7/2001 3:19:05 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 6784

"Palm highlights new products " By Chris Kraeuter, CBS.MarketWatch.com Last Update: 12:55 PM ET Feb 7, 2001 SAN FRANCISCO (CBS.MW) -- Palm CEO Carl Yankowski said Wednesday his company expects to hold its 66 percent market share for hand-held devices, while its share of the hand-held operating system market is growing strongly. Yankowski told investors at the Banc of America Technology Week Conference that new wireless products released in the second half of 2001 will have "robust" e-mail and instant messaging capabilities. He noted that market share for Palm hand-helds has stayed at 66 percent from 1999 through the end of 2000, and he said the company expects to maintain that level. The Palm operating system, however, has grown from a market share of 76 percent to 93 percent. Yankowski said the new OS 4.0 operating system is currently in testing and will be out in a couple of months. The company is expecting further acceptance and build-out in the low-end market. Palm launched its m100 hand-held recently and sold 535,000 units in the first quarter, two-thirds of which were to students. "It was the most successful launch in our history," Yankowski said. The unit currently retails for $149 on the Palm Web site. Internationally, current markets abroad make up 38 percent of Palm's revenue base, but Yankowski said he would like to see that figure balloon to 50 percent of business. Palm (PALM: news, msgs) shares were off 50 cents to $21.50 on Wednesday. www2.marketwatch.com{09CA470B-6479-4832-9D48-395FA0399E48} Mang