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

To: David E. Taylor who wrote (4055)	3/7/2001 9:41:57 AM
From: Souze	Read Replies (1) \| Respond to of 6784

"Under the terms of the agreement, Extended Systems' stockholders will receive a number of Palm shares based on the average closing price for Palm for the 10 trading days ending two business days prior to the Extended Systems' stockholders' meeting. If the average closing price of Palm stock is between $16.60 and $22.00 per share, Extended Systems' stockholders will receive a number of shares equal to $22.00 per share divided by the Palm average closing price. If the average price is at or above $22.00, Extended Systems' stockholders will receive one Palm share for each Extended Systems' share; if the average price is at or below $16.60, Extended Systems' stockholders will receive 1.325 Palm shares for each Extended Systems' share. Palm will account for this transaction using the purchase method of accounting. The transaction is subject to regulatory and Extended Systems stockholder approvals, and is expected to close in June 2001." Message 15457976 Correction to: unless PALM is under $22 in June, and even then it's only 1.375:1. It's rare that I catch you in a slip up, so I have to take advantage of it. <vbg> OTOH, please accept my continuing thanks for the excellent work and perspectives that you bring to this thread.

To: David E. Taylor who wrote (4055)	3/7/2001 9:53:14 AM
From: Crystal ball	Read Replies (1) \| Respond to of 6784

PALM buying XTND for $264 million PALM shares. I heard 264 Million shares reported by CNBC this a.m., this was mis-spoken, you are right, they meant "264 million( i.e. dollars) of Palm shares" which would be about 10 million shares at current prices on a 1:1 exchange. Still there will be a short squeeze, since as in all M&A these shares will be in LOCK UP. This will put a classical squeeze on short sellers as the demand for PALM shares is not met with current trading supply, leading to a higher price for PALM shares, which ought to be 3x to 4x their current price anyway. I also agree that PALM will beat earnings. bigcharts.com I am, Truly your$, -Crystal Ball