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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (32229)5/11/2001 12:33:16 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70763
 
Handspring (HAND) 10.65 -0.29: JP Morgan initiates coverage with a MARKET PERFORM rating and a 12-month price target of $12; notes that nearly 100% of revenues derive from device sales in the consumer market, a highly competitive business with lowering margins; says HAND is currently lacking products and services to address enterprise market and wireless data services; sees short-term lack of visibility due to price-based competition with Palm.

Palm Inc (PALM) 7.67 +0.17: JP Morgan initiates coverage with a long-term BUY rating and price target of $10; says company is in the midst of massive market opportunities relating to handheld computing, handheld communications and enterprise solutions; says revenue mix must change because 93% of today's revenues derive from device sales, a highly competitive business with lowering margins; short-term visibility is poor due to the inventory overhang.