Nagel to Open The NASDAQ Stock Market

Posted By: Ryan Sunday, November 2, 2003 7:50:43 PM

David Nagel. President and Chief Executive Officer, PalmSource, Inc.will join NASDAQ host Christopher Concannon, to preside over the market open on Monday. PalmSource is celebrating their new listing as PSRC on the high tech exchange.

The opening will take place at the NASDAQ MarketSite -- 4 Times Square -- 43rd & Broadway -- Broadcast Studio in New York City on Monday, November 3, 2003 at 9:30 a.m.

On October 28th PalmSource, Inc. [PSRC], provider of Palm OS, a leading operating system powering next generation mobile devices and smartphones announced its spin out from Palm, Inc. On October 29th, PalmSource stock began trading on the NASDAQ National Market under the ticker symbol [PSRC]. The NASDAQ Stock Market proudly welcomes PalmSource and its CEO David Nagel to the Market Open.

The stock has been trading well since debuting on the market this Wednesday. The stock share price as of publication is $38.17.

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Palmone.

phalanx @ 11/2/2003 9:24:05 PM #
Palmone on the otherhand, is trading at $14.46, down sharply from last trading day of Palm inc. $27.24
RE: Palmone.
ocspub @ 11/2/2003 11:15:27 PM #
Sure, but they also carved out a chunk of the company and gave it to their shareholders (hint: it's called PalmSource), so logically the PalmOne share price would go down, wouldn't it?

RE: Palmone.
Foo Fighter @ 11/2/2003 11:35:56 PM #
These opening bell ceremonies are pure PR fluff. Even Michael Jackson had his moment at the podium, ghoul that he is. Guest walks up to the podium...says a few words...rings the bell...blows kisses to the crowd (who really doesn't give a monkey's arse)..and leaves.

-------------------------------
My blog: www.pocketfactory.com
RE: Palmone.
Foo Fighter @ 11/2/2003 11:35:56 PM #
These opening bell ceremonies are pure PR fluff. Even Michael Jackson had his moment at the podium, ghoul that he is. Guest walks up to the podium...says a few words...rings the bell...blows kisses to the crowd (who really doesn't give a monkey's arse)..and leaves.

-------------------------------
My blog: www.pocketfactory.com
RE: Palmone.
ocspub @ 11/3/2003 12:33:15 AM #
Given that NASDAQ is a computer trading system, who's the audience anyway -- a bunch of server racks? ;)

RE: PalmOne.
nzjss @ 11/3/2003 1:58:56 AM #
Isn't PalmOne a combination of Palm at $26.39 (27Oct) and Handspring at $1.65 ?

Remember after 9/11 when palm was 73 cents? If you had bought a 1000 then and sold last week you would have $25000 to complain about! (I keep wishing I had done that)

Sounds like a good time to buy more PalOne shares.

RE: Palmone.
bcombee @ 11/3/2003 2:18:21 AM #
[quote] Isn't PalmOne a combination of Palm at $26.39 (27Oct) and Handspring at $1.65? [/quote]

Almost -- you must subtract off the value of PalmSource, which is now a separate company.

[quote] Remember after 9/11 when palm was 73 cents? If you had bought a 1000 then and sold last week you would have $25000 to complain about! (I keep wishing I had done that) [/quote]

You're forgetting that Palm did a 1-to-20 stock merge, so a 73 cent share price then would be equivalent to a $14.60 price now. That's would mean you'd only have around a $650 dollar gain on 1000 shares bought around 73 cents, as those would have become 50 shares at 14.60.

--
Ben Combee, CodeWarrior for Palm OS technical lead
Programming help at www.palmoswerks.com

RE: Palmone.
phalanx @ 11/3/2003 5:22:02 AM #
Overall the stock price of PALM + HAND is already less than PSRC + PLMO

PALM to PLMO + PSRC is already shrinking some 3% after 2 days of trading.

RE: Palmone.
jmchamblis @ 11/3/2003 8:55:49 AM #
You forget the 20 to 1 reverse split Palm did a while back.

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