Palm Reports Slight Net Profit

Palm Inc upgraded by JP Morgan based on strong execution (PALM) 3.17: JP Morgan upgrades to Long-term BUY from Mkt Perform following last night's earnings report. In terms of other stocks in the space, this is one occasion where company specific execution appears to have won through. Notes that PALM intends to return to profitability by Q4, two qtrs ahead of firm's expectations. JPM expects stk to outperform both RIMM and HAND in the short-term. Firm has a 12-month target of $4.50.

-Today 22-Mar-02 Reit UBS Warburg Strong Buy ($6)

-Today 22-Mar-02 Up JP Morgan Mkt Perform -> LT Buy ($4.5)

http://makeashorterlink.com/?P5C41219

Yes, we can say thank you to Yankowski. It was his excellent leadership and management that led to this victory.

We should bring him back. If not, we should reward him with a $5 million bonus.

that after Microsoft is releasing schedule for the next several PPC OS updates, the smartphone long term agreement, and overal release block in relationship with desktop OS?

OK sure. and Palm will release that spiffy OS before the Second Coming.

in smartphone department Microsoft is ahead by next quarter. Zendo and O2. Not the first tier phone maker but definitely has bigger market than Samsung.

Thera is just repackaged Toshiba Genio, with its CF slot stuffed with Phone receiver. Audiovox is running the show. (again it's a US phone company) O2 will be made by HTC, so it will bring the iPAQ manufacturing experiance to drive down price.

and speaking of price, how about than i705? $450 + ~$480 annual (over $1000??? a year) and you still have to pay your cellphone bill too? yikes. And who still use 8mb B/W hardware for net purposes.

that compared to brand new smartphone like O2, J928 with full PDA capabilities + voice??? Go ahead spend your $1000 with that i705.

the economy is there pal.

mmO2 haven't ever made a handset before - they're a UK phone network, and a small one at that! Now they're making this XDA as an attempt to focus on the PDA / Communicator market - which given the low volumes involved many predict will fail and see them bought out - probably by Telifonica.

And as for Sendo (not Zendo) - they're a family run business in the UK!

Unlucky m8, but you are talking bollox.

---
russ@russb.fsnet.co.uk

No, I blame it on Clinton. The economy has been known throughout history to react to policy as far back as 2 years. The upturn that we are seeing is based on Bushs policy of giving tax money back to the people that it was taken from unecessarily during the Clinton years.

My point is that Yankoskowsky blew it and the new management is just now seeing an upturn.

Such a golden age for the 'laissez faire' capitalists to shoot there mouths off without having to back it up with any concrete math. The invisible, magic hand!!! Hmmm....i'm pretty sure we've tried this neo-conservative..errr..i mean neo-liberal approach to the economy before - oh yes, it was the industrial revolution!!! And while that brought us all manner of technological advances, none of it mattered to the average joe until the government took a more (dare i say it?) 'socialistic' role in the economy so that 10 yr old kids didnt have to work 12 hr days in order for their families to earn a poverty level existence. Flash forward to the end of the 20th century - "hey, whats all this government 'red-tape' and taxes all about anyway? Damn it, if we could just get all that money back to the corporations that was stolen by the evil government, than we'd all be rich and happy!!!". Idiot. Clinton didn't screw the economy - the .Com enthusiasm and short sitedness of the entire western-corporate-world did.

In the aftermath of that insanity, Palm has been driven down well below what it is worth. The stock will rebound to something reasonable.

Mario

Spoken like a true speculator. Stockbrokers love people like you, especially when they need to trade up on their yatchs.

The only sensible way to invest is to buy stocks in solid but undervalued companies. Palm, Inc is in the middle of a savage price war, so I wouldn't touch them myself. However, the fact that they have managed to make a slight profit despite the red ink everywhere else*, is a remarkable achievement and one which bodes well for the future.

Footnote: * We will never know whether Sony makes a profit on its devices. (Japanese accounting practices are such that that they make Enron appear to be a paragon of disclosure.) It would nevertheless be surprising if they were profitable - Sony is a relatively new entrant into the US market, and taking into account R&D, marketing costs, the costs associated with establishing new distribution chains and their fairly small market share, it's likely that they are not making any money either.