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

To: Alan Siegal who wrote (4494)	3/28/2001 1:30:10 PM
From: Crystal ball	Respond to of 6784

PALMs alleged Q4 loss is WRITE OFFS for layoffs and new HQ in San Diego, and I predict there will be no loss at all. This is a SUCKER PUNCH of lowering earnings estimates, so they can easily BEAT THE STREET AGAIN. They did this this last time, going from 3 to 1 cents but delivering 2 cents yesterday. Intel and Cisco do this also. Its easy to sucker punch ANALysts, so that is why they do it, its called JOB SECURITY for short sighted management. The Board of Directors owes shareholders the duty to prevent loose lips from sinking ships, these officers, in misguiding, imho, are guilty of a breach of loyalty and fiduciary duties the same as if they fraudulently hyped up a stock without the forward looking safe harbor disclosures. In any event, you have to read between the lines, and remember how they operated this company last year, RUNNING OUT OF INVENTORY, which I predict they will do so again. So the only loss, are accounting write offs and accelerations due to their layoffs of 250 people, which affects UC insurance etc., and their planned building new HQ in San Diego on an expensive hold temporarily, just long enough to enter this temporary decision as a WRITE OFF on their taxes and financial statements, and thus justify their SUCKER PUNCH lower NET earnings estimates. With CONSUMER CONFIDENCE NUMBER on the RISE, their GROSS EARNINGS AND REVENUES will still GROW, and they are in a GROWTH SECTOR. So they will recover ahead of the general economy, and frugal corporations will budget for the power of PALMs before they budget for desktops and other expensive computer and technology and communication spending purchases, so PALM will get the FIRST DOLLARS OF THE RECOVERY imho. So I buy, and buy more. As far as the Inside buyers, they have to report to the SEC within 10 days, and that can be found ou on the EDGAR website database. It looks to me however, that KEIRETSU japanese, korean and chinese "monopoly" manufacturing partnerships are going to be buying at market ON THE OPEN at Hong Kong and Japan's Nikkei tomorrow morning, buying up all the cheap PALM shares, some 45 million or more, sold off and being held as stock inventory by US Market Makers who will hand over these controlling share interests to them, and they will control this industry, just like steel, cars, tvs, computers, and so on. They want it, and they now may have it. Like I have always said, you and I, the US can not compete with communist chinese slave labor at 12 cents per hour, thanks to Greenspan, the WTO and Free Trade with China (Permanent Most Favored Nation Trade Status) we will see more of over the next year. So the question is to ask Carl Yankowki, WHY Mr. Y. ??? Until it hits $50, I will BUY AND HOLD LOW ALL MY PALM shares. I am, Truly your$, -Crystal Ball