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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (57814)	4/27/2002 10:41:30 PM
From: American Spirit	Read Replies (1) \| Respond to of 99280

PALM borrowed 50 mill to put up as a bond in the XRX case. XRX doesn't get the money, it just sits there. Interest is charged but the bond also earns interest. It is fully refundable. Of course if they eventually settle in the case perhaps that money is used, but PALM is fighting it. XRX offered to settle to be able to use their OS without paying a fee. PALM rejected this. The XRX case news as I remember originally caused the stock to fall to under $5. It was north of $6 before that. It then kept falling to about $1.50. I luckily got a bunch just under $2 which was a steal. Since then PALM has made amazing progress and wowed Wall Street with last Q's numbers and CC. Do your own DD but right now PALM is a great buy, especially long-term. At the current price I do not see any downside. That said, every stock buy entails risk. No getting around that. Some people thought I was crazy buying at $1.90, or HAL at $10 or SKX at $12. Not that I'm always right. I bought some AOL at $27, but hey, nobody's perfect. And nobody really knows.