Comments on: Fidelity Now Owns 11% of Palm Inc
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RE: 11 % more than me
RE: 11 % more than me
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www.handheldhq.com - Your Handheld Headquarters
RE: 11 % more than me
To have a say in/control the present and future of the OS.
-Bosco
RE: 11 % more than me
RE: 11 % more than me
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Previous investments
I disagree. I still think TI investing 20 million into Palm makes more sense. I see little reason to continue to use their chips besides that.
-Bosco
RE: Previous investments
RE: Previous investments
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My wife has to sell a lot of candles (www.ccandles.com) to buy her new Palm.
RE: Previous investments
Thanks, robrecht
RE: Previous investments
So even a small stake of 0.1% means investing 20M$ in one single stock.
For comparison, that fund invest 5% of its asset in Microsoft: 20 * 0.05 = 1B$ !!!!!
RE: Previous investments
It makes far more sense that TI invested before and got the preference for chip use for Palms first OS 5 models. At that time, the investment was not called a cash infusion, but a return of some sort for an investement of some sort. I think TI gave Palm a $50 million line of credit that they could put on the books, and in return got the promise that the money would only be used to buy TI chips.
TI kept this quiet so that all the phone manufacturers that use their chips didn't demand the same deal. Fidelity would have been touting such and investment to the hills and all who would listen in order to drive up the stock price and increase their profits, as they are doing with the current 11% investment.
RE: Previous investments
Second, it's very unlikely they made a secret behind the scenese infusion of cash into Palm. Their investments in Palm are for various mutual funds. This is all public knowledge. Go to fidelity.com and you can find lots more info about their funds.
RE: Previous investments
Things are looking good for Palm
Am I just to optimistic?
____________________________________________
Former Tapwave's Helix fan, now a T|T3 fan.
RE: Things are looking good for Palm
RE: Things are NOT looking good for Palm
Am I just to optimistic?
Unfortunately, you are being too optimistic. If Palm had been able to sign up Dell as a licensee, the future may have looked better for the platform. As it now stands, they just have too many problems to overcome and are going to see market share erode quickly in the coming months.
The T|C was an overpriced bomb and the T|W was little more than a hardware beta that managed to get a few suckers to purchase bite. (Remember the Palm VII? Meet its daughter, the T|W. Can you say abandonware?) The T|T˛ is a solid design that shows Palm still employs a few creative individuals, but the realities of Palm's product cycle limitations resulted in this being relased a year later than it should have been. The target has moved and Palm is about to miss again. PPC makers are poised to begin dumping some very inexpensive hardware onto the market (just in time for the holiday sales) and they can now smell blood. Sony has finally finished their beta hardware testing/sales with consumers and in a couple months will be releasing a PDA that has what power users have been requesting for so long. Except it will cost $650.
Puppies like Palm just can't keep running with the big dogs unless they have very savvy leadership. They don't. It's now too late for Palm to do anything but cash in on the value of the OS while it's still dominant. Expect a sale early in 2004. Nostradamus says you should mark January 15, 2004 down on your calendars.
Sometimes the truth just isn't pretty™
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11 % more than me
I thought Sony would take the first shares
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