Word: palmed
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These are not numbers that warm the CEOs hearts--their stock prices at all-time lows, minuscule earnings and only a smidgen of the population as customers. So why are executives at handheld-computer makers Palm and Handspring smiling? Because even though profits stink and "high tech" is practically a disease on Wall Street, sales are booming at both companies. Someday, they hope, their profits will...
Even tech-battered Wall Street analysts are bullish on handhelds. No matter that Palm, Handspring and the Canadian firm Research in Motion are trading at 52-week lows. "These stocks have gotten unnecessarily beaten down," argues Thomas Sepenzis, mobile-Internet analyst at investment bank CIBC. "When people stop panicking, they'll go, 'Oh, gee, what should I buy?' and these stocks will be some of the first to go back up." Within a year, he expects Palm shares to as much as quadruple from last week...
...Excel spreadsheet--all while standing in an elevator or waiting at a bus stop. PDAs are on their way to becoming the next must-have gadgets, like cell phones, showing up in the hands of everyone from Puffy to Rosie. Michael Jordan is reportedly planning his own signature Palm. Someday your PDA may even become your cell phone, electronic wallet and personal entertainment system rolled into...
While spectacular growth for the handheld market seems certain, no one is quite sure who will be the biggest winner. A year ago, the obvious answer was Palm, which has sold more than 11 million PDAs to date and now claims some 60% of the retail market, according to tracking firm NPD Intelect. But Palm is paying for its decision, made a few years back, to license its operating system to other hardware makers. The idea was to achieve a critical mass of PDAs that would make the entire market viable and attract ever more software developers to create applications...
...rehashing of the horrors? To be sure, there's some commercial calculation in the theater's Holocaust obsession. This a subject, after all, that appeals largely to older Jewish theatergoers, one of Broadway's most loyal constituencies. ("The Gathering's" pre-Broadway run included stops in Ft. Lauderdale and Palm Beach, Fla.) Yet the Holocaust has hardly been a surefire audience grabber. Even the well-reviewed 1998 Broadway revival of "The Diary of Anne Frank" was a box-office disappointment...