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: lkj who wrote (3859)	2/20/2001 11:16:35 PM
From: Mang Cheng	Respond to of 6784

Thanks to HongK99 from the Yahoo board, here is the comments from Andrew Neff : "Palm Inc( PALM 22 3/4 ) - Buy Price Target: $45" Palm On Track To Hit Q301 Estimates MarketCap: $12.9 Billion Index: NASDAQ 100, S&P 500, Russell 1000 Andrew J. Neff - IAppliances "PALM is on track to meet revenue expectations for Q301, provided that there is a strong finish consistent with historical seasonal patterns -- based on our analysis of monthly data released by market research firm PC Data. When we extrapolate PC Data’ s January retail sales for Palm, we arrive at $377-$549 million in revenue for Q301, on target to meet our estimate of $485 million. Historically, PALM’ s February quarter is back-end loaded, making February the key month – Palm should benefit from increased availability of its products both domestically and internationally and aggressive push of Palm VIIx. The current quarter reflects seasonality as well as the absence of major new products, which we expect to see in Q401. The numbers from PC Data are consistent with our own proprietary survey. We reiterate our Buy on PALM and maintain our Neutral on Handspring due to valuation concerns. For Palm, we maintain our EPS estimate of $0.14 on revenues of $2.0 billion for FY01 -- including 3Q01 EPS of $0.01. We maintain our 12-mo. price target of $45, reflecting our valuation approach which is detailed below and which assesses the value of the device and software businesses. Using a similar methodology, we derive a 12-mo. price target of $35 for HAND, valuing the company an innovative designer and marketer of handheld devices. messages.yahoo.com Mang