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Old 03-18-2005, 06:14 PM   #2
Alexander Turcic
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At least one person disagrees with Wallstreet's forecasts: More proof that Wall Street is BULL$HIT: Forbes has an article today entitled, "PalmOne Stock Retreats on Weak Forecast". I'm not going to link to it because it ain't worth your time. Suffice to say that after PalmOne's recent earnings call, their stock price went down. Why, is the company in trouble? If they are, we should all be in such trouble. PalmOne reported their fourth profitable quarter in a row, with massive and better than predicted (key point for later) sales in their Treo and Tungsten lines. They're just raking in money.

I don't see the picture that rosy. After all, its all about earning expectations when you invest in a stock, and I don't see where palmOne shows much promise in this regard. All I hear is "Treo Treo Treo", but if you have followed the news on CeBIT closely, you'd have noticed that the market for "convergence" device is heating up. palmOne is better coming with something new... fast.
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