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Pastimes : American Spirit is back! -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (4)	4/4/2002 9:39:15 PM
From: Brasco One	Respond to of 18

i will be shorting it first thing in the morning..g

To: Jane4IceCream who wrote (4)	4/6/2002 1:38:57 AM
From: American Spirit	Read Replies (1) \| Respond to of 18

Hey Jane, PALM just beat by eight cents and made a surprise profit. They have no debt, plenty of cash, no more inventory to burn off and have been gaining market share. great news. They surprised me too. I was planning to get just $5 but new target price for some brokerage houses has just been upped to $11. Stock is at $3.60 now. Just went up 30% last week. If you do some DD you'd know that. If you want to throw away your old Palm units go ahead. But if you were smart you'd at least give them to the thrift shop and take a write-off. Many people would have loved to have them. Or you could have them fixed because they have warranties. PALM is not the greatest company or product in the world, but it's a good one and extremely undervalued right now. HAND, RIMM, MSFT CE and CPQ would love to be PALM in hand-helds, instead of what they are, distant competitors losing market share. PALM now has 47% of the hand-held market and owns the #1 dominant operating system. So they are a mini Microsoft in this respect. PALM made some management mistakes and as the stock fell from 60 to 1.50 they got hammered by shorts, mostly for good reason. But the stock never should have fallen below the high single digits. The shorts kept betting that they were going bankrupt. No chance they're going BR now. Just an inefficiency in the market (like SKX and HAL) I was able to take advantage of lately, buying near the bottom. I am still holding all three. Of these three PALM has much more upside. I expect to see PALM in the high single digits within 2-4 months, and above $10 within a year, market conditions permitting. Some of this move may be attributable to possible takeover attempts by giant companies who cannot compete well enough without PALM, like Sony and Nokia. In Europe especially executives are turning in cell phones for Palm-type units, and Palms own 50% of that market. My partner in Holland's company just bought 30 of their top models for everyone. That's how they keep in touch. Wave of the future, my dear. Catch up.