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Reuters: Palm IPO seen white-hot, but red flags abound

Mar 01, 2000, 06:34 (9 Talkback[s])
(Other stories by Duncan Martell)


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"'Palm has zero chance of being the next Cisco or Microsoft,' said money manager Richard Slinn at San Francisco-based Levensohn Capital Management. 'It's a neat product but it's not a neat business.'"

"... for those who may want to own Palm stock over the long haul, there may be better investments, money managers and analysts said. They cited quickly shifting technologies and an expected explosion of ever-smarter mobile phones that could perform many of the same functions as the popular Palm device."

"... some observers have noted that the Palm operating system may be getting a bit long in the tooth."

"'They haven't penetrated enough of the potential market (which includes smart phones and the rest of the PDA world) well enough yet to go out and say we're going to try to preach the Palm gospel,' Slinn said. 'There's plenty of room for a better operating system to come along, like maybe a Linux-based operating system for handhelds.'"

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