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: Win-Lose-Draw who wrote (4060)	3/7/2001 12:28:25 PM
From: Win-Lose-Draw	Respond to of 6784

Meanwhile I will quietly enjoy Crystal Ball's entertaining and uplifting, if slightly hallucinogenice musings Sorry for responding to my own post, I just wanted to be clear that I genuinely enjoy CB's posts and my comments were honestly meant in a sense of...I don't know how to put it...playfulness. I certainly did not intend to give the impression I was giving him a hard time, and if that is the impression I gave, I apologize. Back to lurking...

To: Win-Lose-Draw who wrote (4060)	3/7/2001 12:37:57 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 6784

WLD: I've sure been wrong before, but I have the feeling that we've more or less seen the last of the sub-$20 days. While Tom's unit sales and revenue numbers seem a tad optimistic to me, my own numbers (cutting back his unit sales figures somewhat) are showing that Palm will probably exceed their Q3 projection on revenues by 10-15%, and will also come through with some higher Q4/FY guidance. Still crunching numbers and checking data, but that's what it looks like to me right now. Plus ahead of earnings we have the CeBIT show and presumably the new M5xx models, and probably a slew of upbeat announcements. It's unfortunate that Palm has an "E" in the P/E ratio, since a P/S for PALM (using the conservative $2 billion for FY 2000) similar to HAND's and RIMM's P/S would put PALM at $26 and $46 respectively I think Carl Y was taken by surprise last Q when the stock got cut in half for not exceeding their $500-$530 million revenue guidance, and I don't think he'll make that mistake again. I'm sure that they would have come up with an extra $15 million or so in Q2 to get ahead of the $530 million upper number had they known what the effect of "missing" was going to have, and I'm also sure that Carl Y realizes that managing revenue/earnings expectations and the stock price is an important part of managing the company. If PALM were in the $40's right now, this XTND acquisition would be costing him around 5 million shares instead of 10 million plus. People are desperately seeking some light at the end of the tech wreck tunnel, and a positive Q3 for PALM could put the stock back above the $38 IPO price in a hurry. Having checked to make sure the cojones were still there, I just took an initial position yesterday in some April $20's call options at around $2.50, and I intend to double up that position if after I get done crunching the numbers for Q3 I confirm my preliminary expectations for the Q3 revenues/earnings. JMO as usual. David T.