Registered: Feb 2001
Location:
Posts: 11

what happenned with the stock?

down 40% today. does anyone know why this might be? does not look good tho.

uday

Registered: Jan 2000
Location: Twin Cities, MN
Posts: 1683

the recession?

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We're all naked if you turn us inside out.
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Registered: May 2000
Location: St. Paul, MN
Posts: 1429

on PDAbuzz, they had somethign about Garnett Reserach saying HS had to make a PPC soon.. don't rememebr the details.. Could be related?

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-miradu

Registered: Oct 2000
Location: Here
Posts: 213

I've got some pocket change and a few balls of lint. I think I will buy a block or two of HAND stock.

Registered: Aug 2001
Location: ILLINOIS
Posts: 227

There should be some news out there -- nothing happens in a vacuum--

Registered: May 2000
Location: St. Paul, MN
Posts: 1429

There was a story on Cnet.. http://news.cnet.com/news/0-1006-201-7322094-0.html

This wasthe one PDA buzz linked too.. This is the ONLY thing I can come up with why HS stock would drop 40%

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-miradu

Registered: Oct 2000
Location: Here
Posts: 213

Perhaps it is related to this Handspring Filing 10K405 today:

http://www.nasdaq.com/asp/quotes_se...elected=HAND%60

Registered: May 2000
Location: St. Paul, MN
Posts: 1429

Can somebody explain to me what this means? I'm totally lost reaing this...

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-miradu

Registered: Feb 2001
Location:
Posts: 447

quote:

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Originally posted by miradu2000
Can somebody explain to me what this means? I'm totally lost reaing this...

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You're not alone, Miradu,

Registered: Sep 2000
Location: Seattle, WA
Posts: 501

Definition of 10-K405

quote:

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Originally posted by miradu2000
Can somebody explain to me what this means? I'm totally lost reaing this...

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Jeff Meyer

"And he died like he lived: with his mouth wide open."

Registered: Sep 2000
Location: Rochester, NY
Posts: 284

It could be that revenues weren't what the market expected (given the way the economy is right now, it seems likely), but I doubt I'd be able to figure it out without spending an evening with the 10k.

If anyone is interested in making sense of these and other financial statements made by a company, check out "How to Read a Financial Statement" by John A. Tracy (ISBN #0-471-32935-5). It's a good book about how various financial statements (such as the balance sheet and cash flow sheet, both of which are found in the 10k) are compiled and how to read between the lines on the statements. It takes a while to understand, but well worth it if you're interested in tracking a company's performance.

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It's gotta be weather balloons. It's always weather balloons. Big, fiery, exploding weather balloons.
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Registered: Sep 2000
Location: Seattle, WA
Posts: 501

One other things -- I thought there was a news article a month or two ago about there being some SEC inquiries about how the initial IPO of Handspring had gone. Might that have something to to do with it?

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Jeff Meyer

"And he died like he lived: with his mouth wide open."

Registered: Oct 2000
Location: Here
Posts: 213

I think the big problem is earnings. In addition, I think HandSpring had a good cash position mid year 120 Million in Cash, but don't think that is the current case. Interesting that on Friday there was one stock transaction (1) of about 2.2 million shares. Can't tell if it was buy or sell.

Registered: Aug 2001
Location: ILLINOIS
Posts: 227

Def the 10K

The 10K wasn't the best.
A lot of concern as to the economy and competition --
BUT
"Going Concern" satisfied by the auditors --at least for twelve months.

Generally and very briefly --

Current assets down to 156 Mil from 218 Mil last year

Total Assets UP to 253 Mil from 230 Mil last year

Rev UP --Tripled --- 370 Mil from 101 Mil last year

BUT

Revenue producing Costs UP --Quadrippled-- 292 Mil from 69 Mil last year

Loss up too -- 135 Mil this year to 60 Mil last year--

So generally just more bad news --

Though if the 2.2 mil stock transaction info is correct --(no offense -- just trying to keep myself out of trouble) --that prpbably wwas the impetus for the drop and the 10K might have been the impetus for the 2.2mil stock sale.

Registered: Oct 2000
Location:
Posts: 443

quote:

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Originally posted by bookrats
One other things -- I thought there was a news article a month or two ago about there being some SEC inquiries about how the initial IPO of Handspring had gone. Might that have something to to do with it?

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Registered: Feb 2000
Location:
Posts: 1571

old news

quote:

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Originally posted by mensachicken


http://quote.fool.com/news/symbolne...amp;nx=&bx=

mc

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Registered: Aug 2001
Location: ILLINOIS
Posts: 227

I agree -- the shareholders' suit is old news --

the 10k is fresh and if someone did dump over 2 mil shares all at once -- that could well have caused it -- we should know something by Monday --

I definately bought some more -- the only thing that could make that a loser is if they went under -- and that certainly is unlikely -- especially for a year or two.

Registered: Oct 2000
Location: Here
Posts: 213

I think insiders own about 80% of HandSpring stock. Regarding a previous append, here is the information provided that on Friday "someone" had a stock transaction of 2.2 million shares at $1.20 per share.

Link Here

Registered: Aug 2001
Location: ILLINOIS
Posts: 227

Probably

Nothing on listed insider sales on the "insider sales web site" -- but who else would have over 2 mil shhares to dump?


http://insider.thomsonfn.com/tfn/in...and&ttype=A

And this sems to be after the drop and not to have affected the price much -- except perhaps for the seller himself --

Thanx for the NASDAQ link---