Mossberg on CNBC PRAISES PALM and Wall Street Journal MarketPlace front page, as he points out, IT's the PRODUCT LINE Palm V,Palm VII and the new m100, and color m105, at perfect slim size, and price points, and the ability to CONVERGE with module inserts for cameras, other devices, telephones, cell phones, wireless etc. HANDSpring Dubinsky and Hawkins are playing catch up, nice VISOR, but bulkier, does use the PALM OS also to LEVERAGE those thousands of programs written out there already. I just wish the better product line of PALM had the HANDspring management that's all, even without it, PALM will still dominate the markets, but we don't need management undermining thevalue of the stock with STUPID, RECKLESS statements, that on the one hand they will not stand by because of "NO VISIBILITY" but then on the otherhand want to get a SUCKER PUNCH in with theh ANALysts to lower estimates that they can easily beat again, They did beat revised estimates, 2 cents insead of 1 cent. I do not agree with their lower 4th quarter, there will be more demand for hand helds of all kinds, PDAs and especially PALMs as the economy recovers and budgets are outlayed for purchasing, even on the consumer side, CONSUMER CONFIDENCE IS RISING, the recession is coming to an end, the Fed will lower rates, especially because the EUROPEAN CENTRAL BANKS ARE LOWERING RATES MORE SO, and so on. A six month MARKET LEAD over the ECONOMY RECOVERY means the markets should be recoverying now.
My attiude on Management, is, what are they doing for the SHAREHOLDER? That's their job, to maximize earnings, let the sales force SERVICE THE CUSTOMERS, THE PRODUCT SELLS ITSELF. the CEO and CFO should be expanding markets, and market share, they should be building a larger economy of scale, so they do have bigger and bigger inventory, these products will go out the door, timing is not the issue, when the economy slows, so do orders, that does not mean orders or future demand for product ends, it is just delayed, it creates PENT UP DEMAND, which then requires even more inventory to meet the increased demand. You don' save yourself ou of a recession, you push product and capture more market share, YOU GROW YOURSELF OUT OF A RECESSION. Management should be focusing on this, not laying off people, but scaling up, to meet the increased DEMAND from CONVERGENCE, since the market share is pure, and I mean PURE GROWTH LOOKING FORWARD.
I am,
Truly your$,
-Crystal Ball |
