StockIceMan's Weekly Stock Pick
Week of
September 25, 2006
| Stock: |
Palm, Inc. |
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| Ticker Symbol: |
PALM - Nasdaq - Computer
Wholesale |
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| Buy: |
14.75 to 15.00 |
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| Sell: |
22.00 |
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Info: |
Palm, Inc. engages in the
development, marketing, and sale of mobile
computing solutions worldwide. The company
offers smartphones, as well as handheld
computers, add-ons, and accessories in two
product lines: Treo smartphones and Palm, and
Tungsten and LifeDrive handheld computers. Its
Treo smartphones combine mobile phone; and
wireless data applications, such as email,
messaging and Web browsing, multimedia features,
and productivity software in a device that
integrates applications that included in
separate devices into one device. The company’s
handheld computers provide personal information
management, and mobile computing and media
experiences for entry-level consumers, mobile
professionals, and serious business users. Its
add-ons and accessories help to enhance the end
user’s smartphone and handheld computer
experience, including portable keyboards, SD/MMC
expansion cards for storage and content, modems
and carrying cases. Palm sells its products
through a network of wireless carriers, and
retail and business distributors to consumer,
professional, business, education, and
government users. The company was founded in
1992 as Palm Computing, Inc. and changed its
name to Palm, Inc. in 1999. Further, it changed
its name to palmOne, Inc. in 2003 and back to
Palm, Inc. in 2005. Palm, Inc. is headquartered
in Sunnyvale, California |
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| Financial Info: |
For the fiscal year ended
5/31/06, revenues rose 24% to $1.58 billion. Net
income totaled $336.2 million, up from $66.4
million. |
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| Key Ratios: |
Current
Ratio: 2.101, Total Debt/Equity: 0.035, Trailing
P/E: 4.77x, Forward P/E: 14.79x, Price/Book:
1.52, Price/Sales: 0.95 |
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| Share Info: |
There are 103.49
million shares outstanding with 85.28
million shares in the trading
float. Institutions own
approximately 77.60% of the shares outstanding.
There have been no insider purchase and no
insider sales in the last six months.
Real-Time SEC
Filings
As of 8/10/2006, there were 14.79 million shares short.
Net Institutional Selling: N/A
million shares prior to latest
quarter. |
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| Articles: |
New Star Analyst Rankings
for PALM INC |
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