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

To: Win-Lose-Draw who wrote (4384)	3/22/2001 3:10:41 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 6784

WLD: So you were (intuitively?) right again. Any suggestions about what I could transfer the remains of my Palm "investment" into for the next 3-6 months that might just possibly have more upside? David T.

To: Win-Lose-Draw who wrote (4384)	3/22/2001 3:17:09 PM
From: David E. Taylor	Read Replies (2) \| Respond to of 6784

WLD: Just kidding, I'm in Palm for the long haul, just fed up with this constant drubbing of adverse news. I agree with Tim, they should leave public pronouncements to Carl and others who have some idea about how to accentuate the positives so the stock price doesn't get hammered by this kind of thing, particularly so close to earnings release when they will give whatever forward guidance they feel confident in. Now have to wait to see what Carl and Judy say on the CC next Tuesday. There is a chance (Taylor clutching at straws here) that the market will perceive 40-50% revenue growth this year in such a lousy economic environment as a big positive, whatever negative spin emerged from Chahil. David T.

To: Win-Lose-Draw who wrote (4384)	3/22/2001 4:34:17 PM
From: Tom R. Clarksburg	Respond to of 6784

WLD: As much as I hate to agree with you, this time I have to say you are correct about that Chahil character! Hope PALM management fires him. However, It looks like his interview was taken out of context a bit by the reporter. Because Bloomberg did issue a correction or "update" that came soon after.....thus the reason for the rebound in the stock. Here is the "UPDATED" article: Palm Sees Handheld PC Market Growth Halving in 2001 (Update1) 3/22/01 12:10 PM Source:Bloomberg News Hanover, Germany, March 22 (Bloomberg) -- Palm Inc., the biggest maker of handheld computers, said growth in the market for its products may more than halve this year as consumers cut spending amid an economic slowdown in the U.S. The market is set to expand by 40 percent to 50 percent this year, after doubling last year, Satjiv Chahil, chief marketing officer at Palm, said in an interview at the Cebit trade fair in Hanover, Germany. Palm makes electronic organizers that help users track addresses and phone numbers. ''There's this cloud of economic uncertainty that turns into a scare,'' Chahil said. ''What happens in that environment is that you end up with consumer hesitation.'' Slowing demand comes as Palm and rivals such as Handspring Inc. and Sony Corp. introduce advanced devices, some of which cost as much as a basic personal computer. Palm shares fell 56 cents to $12.63 in late trading, and have declined 55 percent this year. Palm's share of the market ''won't be affected much'' by the slowdown, Chahil said. ''It's still 50 percent growth,'' Chahil said. ''How do you declare that as the sky falling down?'' Palm is showing some of its new devices at Cebit. The $400 M500 and $450 M505 are similar in size and shape to the company's Palm Vx. The new organizers work with postage stamp- sized cards that can store data and information ranging from games to digital photos. Other makers of electronic organizers include Compaq Computer Corp. and Hewlett-Packard Co., which make devices based on Microsoft Corp.'s software. Palm isn't alone in seeing slowing demand. Yesterday, Hewlett- Packard Chief Executive Carly Fiorina said she's not optimistic about a ''quick'' recovery in economic growth in the second half. investor.cnet.com