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

To: Tom R. Clarksburg who wrote (4158)	3/13/2001 4:32:38 PM
From: Mang Cheng	Respond to of 6784

Vol relatively high afterhour. A block trade of 28,900 share at $17 crossed at 16:25pm. Followed by 1,600 again at $17 seven minutes later. Mang

To: Tom R. Clarksburg who wrote (4158)	3/13/2001 7:42:17 PM
From: KevRupert	Read Replies (3) \| Respond to of 6784

Palm Forecast: Tom, you do a great job with all of your Palm projections. Thank you. You add really insight to Palm's sales forecasts. In today's environment, however, stock prices are being forced to based upon reasonable valuations. If I assume Palm will earn .14 cents per share (based upon Value Line projections), and have sales of $1,950,000,000, then the company is trading at a 121 P/E, and 4.96 times- sales basis. I recognize these forecasts leave out possible upside in wireless access fees, product upgrades (i.e., O/S upgrade purchases), and unannounced alliances. There are also possible competitive issues, such as Palm facing additional competition from a Linux PDA. Bottom line, for me, is that there is still plenty of first-mover advantage priced into Palm's stock. The company is terrific, but is the price properly valued? (I would like to hear anybody's opinion on why Palm is attratively priced today. It isn't cheap because the price has dropped. Every stock has to be priced upon some factor of earnings.)

To: Tom R. Clarksburg who wrote (4158)	3/13/2001 8:13:44 PM
From: P.M.Freedman	Read Replies (3) \| Respond to of 6784

Did PaineWebber cover PALM before it was acquired by UBS?

To: Tom R. Clarksburg who wrote (4158)	3/14/2001 1:19:02 AM
From: FNS	Respond to of 6784

Tom: Thanks for your input! Quite frankly, the UBS anal-yst may not be far from wrong.... I assume he is hedging his bet! However, the stock is not acting well; neither is RIMM nor HAND. The PDA sector appears over valued, relative to revenue growth and current and longer term PE's - .at least for short term, and the stock prices are reflecting this! (IMHO!) Granted, PALM has the greatest market share, but hardware wise, this will be more difficult to sustain due to competition...and PALM OS earnings growth may not be able to command the ultra high PE. Regardless, HAND and PALM charts look very similar....in downtrend...and RIMM has recently broke support but did have a nice 4 point bounce today! If anyone has a business model that has an earnings projection for PALM 1-3 years out, I'd be interested in knowing projected revenue and potential earnings. Bottom line, does PALM deserve the market cap and high PE that it currently exists??? For 2001 and 2002 I'm not so sure. Three to five years downstream, I hope so! Hoping for positive surprise on 3/27! Now we need a few analysts to stand up and re-iterate their buy and strong buy recommendations. Good luck to all longs, fns