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


To: Mang Cheng who wrote (4040)3/6/2001 6:19:37 PM
From: P.M.Freedman  Read Replies (2) | Respond to of 6784
 
Mang-- It sounds that PALM really gets a good deal. $22 per share, what a bargain!



To: Mang Cheng who wrote (4040)3/6/2001 7:59:41 PM
From: David E. Taylor  Read Replies (1) | Respond to of 6784
 
Mang:

Actually, XTND was trading at $20 at 14:28 when this rumor broke, it went as high as $25 before it was halted at 14:30. Those who bought higher than $22 on the rumor will make out OK if PALM is trading above $22 for the ten days prior to the deal closing in June, otherwise they'll lose out due to the $22 collar on the deal.

I wonder what made XTND worth $40 to $100+/share for most of last year, other than the tech market bubble? Have to take a look at some of their SEC filings to find out.

David T.