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

To: KevRupert who wrote (3951)	2/28/2001 7:42:59 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 6784

Stockpicker picked Palm : "Making money in all kinds of markets Choice Long-Short Fund manager plays it both ways" By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 1:00 AM ET Feb 28, 2001 NEW YORK (CBS.MW) - If you think you can't make money in a down market, think again. Patrick Adams, who manages the $34 million Choice Long-Short Fund, says the ability to buy stocks and short them is the key to success in any kind of market. His fund, launched this month, allows him that flexibility -- as well as the ability to focus on companies without market-cap restraints. "It's rare among mutual funds to be able to short stocks," Adams said. At any given time, he can't short more than the fund's current assets. Adams said his fund's goal is a 20 percent return for the year, or 2 percent a month. It rose 2.3 percent up to the Feb. 26 close. That compares to a 7.2 percent drop in the Standard & Poor's Index ($SPX: news, msgs, alerts) during the same time. Adams' top choice is Tyco International (TYC: news, msgs, alerts) . "I'm comfortable with the company's earnings estimates. It's an international and diversified firm and is very reasonably valued. It's also a stock that will be better sheltered on the earnings front during an economic downturn compared to other companies." The stock rose 45 cents to $54.65 on Wednesday. Adams also likes Dow component Citigroup (C: news, msgs, alerts) . "The company is in a dominant global position" and tends to shine compared to its peers when the going gets tough, he said. Its shares fell 62 cents to $49.18. His third pick: Palm (PALM: news, msgs, alerts) . The stock fell $2.44 to $17.38 on Wednesday and is down a heady 38.6 percent this year, mirroring the tech sector's woes. But Adams said he expects it to double within 12 months. And while the PC and cell-phone markets are reaching saturation, the market for handheld devices is still in its early stages, he said. "Palm has an over 90 percent market share for these devices and is in an enviable spot within the industry." On the short side, Adams said he's focused on a number of sectors. He's negative on food stocks, for instance, as he expects this defensive sector to be a laggard once the market's focus returns to growth stocks. Adams also noted that there are plenty of shorting opportunities in the technology space. "There are still many tech companies with high price-to-earnings ratios that won't make their numbers." Finally, he said he'd be selling into biotech rallies. "People haven't really rolled up their sleeves to figure out who the long-term winners will be." www2.marketwatch.com Mang

To: KevRupert who wrote (3951)	3/1/2001 7:18:06 AM
From: ChrisJP	Read Replies (1) \| Respond to of 6784

Well somebody obviously thinks PALM is overvalued. It dropped 3 points yesterday. Take a look at this: biz.yahoo.com I dunno, based on its May 02 earnings growth rate (59.04%), maybe PALM should have a PE of 60. So maybe the stock should be trading at -- $8 - $12 ? Hope that helps, Chris

To: KevRupert who wrote (3951)	3/2/2001 7:12:41 AM
From: KevRupert	Read Replies (2) \| Respond to of 6784

Palm grows in Japan, ties up with DoCoMo TOKYO, March 2 (Reuters) - U.S.-based Palm Inc said on Friday it had nabbed more than half of Japan's handheld computer market and was poised for further growth with the advent of wireless versions of its products in Japan. ``We've built the foundation for further growth,'' said Craig Will, representative director at Palm Computing, its local unit. Palm is the world's leading maker of software and hardware for handheld computers, also known as personal digital assistants (PDAs). It has moved recently to break into Japan, which has been long-dominated by local players, most notably Sharp Corp . Will said that Palm would join with Japan's dominant mobile operator NTT DoCoMo Inc to introduce a wireless product this year. A Palm Computing representative said last year that a wireless Palm product would appear in the first half of 2001, but it had not specified which mobile operator it would tie up with. ``We are bringing out a next generation product based on DoCoMo's packet system later this year,'' Will said at a Credit Suisse First Boston investment conference. Packet refers to a technology that sends data back and forth in short bursts, allowing users to access the Internet and get data without the high cost of a constant connection. DoCoMo's hugely popular i-mode cellphone Web access service, which has grown to nearly 20 million users in two years, is based on packet transmission. Will cited a study by BCN, a news service run by Computer News Inc, which said that more than half of the handheld computers in Japan were based on Palm's operating system, which is also available in Japanese. BCN's latest figures for April show that Palm-based handhelds made up 55.9 percent of the market. Shares in Palm have lost 20 percent of their value this week, sanking to life lows on the Nasdaq on Thursday to close at 17 3/8 on what analysts reported as concerns that it may not reach its sales targets for the latest quarter. By contrast, the Nasdaq composite index (^IXIC - news) rose 1.47 percent. Sharp said in February that it would take its PDA, the Zaurus, global this year, while NEC Corp and Toshiba Corp have said that they plan to enter the handheld computer market, possibly with wireless products.

To: KevRupert who wrote (3951)	3/2/2001 3:13:39 PM
From: Tom R. Clarksburg	Read Replies (1) \| Respond to of 6784

Advalorem: If I were you I would start the bottom fishing now! According to my estimates, They should do about $609 million in revenue and about $.05 - .07 EPS. Well above analyst expectation. Additionally, since the revenues should surpass US$600 million, they will probably guide 4th quarter revenues upwards from the current $575-590mil to about $660-690mill. According to my final sales channel check for the just completed 3rd Q ended Feb 28th, PALM shipped on average, 12,500 PALM Vx per online retailer. Last time I checked, they service 48 online retailers. I also checked their largest "brick and mortar" retailer, BEST BUY and can estimate they shipped BEST BUY about another 80,000 Units of the PALM Vx. So, if you just add PALM Vx and PALM VIIx's estimated shipments during the 3rd quarter, you get revenues from just those 2 models, of just over US$400 million. If you add sales from the Palm m100, IIIc and IIIxe, plus approximately $85M- 90m of sales from royalties, content&access and accessories, PALM should easily surpass sales of US$600M. Now, As I mentioned before, the catalyst for a fast appreciating stock price is not only producing a quarter that BLOWS AWAY estimates, but also increase forward guidance in the 4th Q, which they probably will. I can never pick a bottom for the stock. I know I am not that good! But I continue to nibble down here because come March 27th, trading should really get interesting with this stock. Regards TOM