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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Michael Young who wrote (51822)	5/31/2001 9:48:54 AM
From: HandsOn	Respond to of 57584

Agreed I'm sure that golf course at LU headquarters did not help it.

To: Michael Young who wrote (51822)	5/31/2001 12:06:37 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

I know LU very-very well thank you. They have 2 billion debt cut in half by the AGere IPO, are starting to turn things around (per an analyst yesterday), have a billion shares of Agere (which should be worth north of $10 per share), fibre optics division which should sell for around 5 billion if they make that move, a new 5 billion deal with VZ and they are still a takeover target. They were smart to nix the ALA deal as that company was looking to snooker them. Whatever troubles they have they are NOT a bankruptcy candidate and never have been. My target is $11-12, modest and realistic. I would buy today as this may be the low of the month. I expect it will hold $8 despite some testing there due to temporary weak hands feeling nauseous. PALM has 600 million cash, a market cap of 3.25 billion (teensy considering it's dominance in hand-helds), around 2 billion revenues even in a slow economy, and no debt. They should not even be dreamt about as a bankruptcy candidate. Therefore, your comments on both these stocks are irresponsible. Don't buy them if you choose but don't bash them dishonestly. Any troubles they have have been well priced in. PALM just came down from 10 to 5.5 (where I bought yesterday). Both are not far from their 52-week lows and downside risk is both miminal and temporary unless you believe in a worldwide depression. Which I don't. My short-term target on PALM is 7 though it could go higher on takeover rumors, and there may be plenty.