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Palm IPO price increase

Tue Feb 29, 2000 - 10:12 AM EST - By James Hromadka

Palm announced that its initial asking price for its IPO will be doubled to $30-$32. The IPO could raise $819m+ for 3COM. An analyst said that he wouldn't be surprised if the IPO hits $300!
"If the initial asking price stays in the low $30 range, Palm will have a market capitalization of about $17 billion, almost equal to Apple Computer. If Palm's stock jumps into the hundreds, the company will have a market capitalization that rivals some industrial giants."

Wow. Anyone want to float me a loan? Click here for the C|Net article.

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