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

To: Mang Cheng who wrote (3713)	2/7/2001 3:26:26 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 6784

"Palm looks to extend market share lead by going wireless" SAN FRANCISCO, Feb 7 (Reuters) - Palm Inc. (NasdaqNM:PALM - news), which has not been able to extend its lead over its rivals in handheld computing devices over the past year, is looking to take new market share by rolling out Internet-linked, wireless adaptations of its popular Palm organizers. Carl Yankowski, Palm chief executive, told analysts and investors the company wants to move from making ``personal information management'' devices to Web-ready ``e-wallets'' that combine that information with the ability to make purchases. ``We are investing aggressively in new products. Increasingly, we are going to be wireless,'' Yankowski said at a a presentation sponsored by Banc of America Securities. Yankowski said Palm would be rolling out new mobile products in the second-half of 2001 that will feature instant messaging and more robust email capabilities. Palm is also developing a voice-activated email system for drivers in conjunction with Delphi Automotive Systems (NYSE:DPH - news), said Yankowski, who pledged that product launches would come on time despite the company's recent struggles with component shortages. Palm estimates that it has 66 percent of the $25 billion market for handheld devices, a market share that is unchanged from the previous year, Yankowski said. ``We have not lost branded market share,'' he said. The company has shipped 11 million handheld units since the Palm launch, and its own research shows that 94 percent of new users say they plan to buy more Palm devices in the future, Yankowski said. Palm has also clinched contracts with 350 companies to provide handhelds to their employees for daily operations and is making increasing its sales to schools and universities, Yankowski said. ``We're starting to get some good traction here,'' he said, adding that Harvard University, Penn State, and Stanford University all have graduate programs that require students to carry a Palm device. Palm is rolling out new color lines, including leopard skin for its entry-level m100 handhelds targeted at students and younger users, Yankowski said. biz.yahoo.com Mang