Palm Expected to Announce Strong Earnings Tomorrow

Posted By: Ed Tuesday, December 19, 2000 8:18:58 AM

Palm will report its second quarter earnings tomorrow, December 20. Analysts are predicting that the company will report a strong quarter with profits of 4 cents per share. Demand for Palms is quite high and Palm has been able to meet that demand, for the most part. Palm is currently trading at just over $46, with a 3.5% gain yesterday.

Handspring's week hasn't been so nice. Their stock fell almost 6% yesterday to $44.75 at the end of the lockup period, the 180 days during which company insiders have been restricted from selling stock after the IPO.

The end of the lockup period frequently means a drop in a company's stock price because a much larger number of stocks become available. In this case, just 10 million shares, out of a total of more than 126 million outstanding, have been trading up until today.

Handspring has yet to turn a profit.

Article Comments

 (1 comment)

The following comments are owned by whoever posted them. PalmInfocenter is not responsible for them in any way.
Please Login or register here to add your comments.

Comments Closed Comments Closed
This article is no longer accepting new comments.

Down

woo hoo

I.M. Anonymous @ 12/21/2000 8:26:50 AM #
good for me (I own stock in Palm)
Top

Account

Register Register | Login Log in
user:
pass: