[nSLUG] kernel setup stack overlaps lilo
jason at ohm.ath.cx
Sat Mar 13 20:12:50 AST 2004
Ok, my numbers were way off, but it was definetly 3M.
"WITH NO PROMPTING Robert Unger can pinpoint the date the stock market
went completely nuts: March 2, 2000, or as he calls it, "Palm Thursday."
On that day hand-held computer maker Palm (PALM) went public. By the
market's close the stock had soared 150%, giving Palm a market
capitalization of $53 billion --- more than even McDonald's (MCD)."
I suspect whatever it was, was a temporary effect, somehow related to
3M acquired Palm in 97, but they didn't have their IPO until 2000, so I
suspect speculation about the IPO in the beginning of the "tech-bubble"
lead to "value" of Palm being estimated extremely high, higher than that
I tried quickly to find the article I read about this, but no luck. Not
suprising, since this was over a year ago, and in print ; )
On Sat, 13 Mar 2004, Jeff Warnica wrote:
> Uh, 3m currently has a market capitalization of $59.73 billion, share
> price of $76.22. Doing some rough math, in 1985 they had a market cap of
> ~$7 billion.
> Perhaps you mean USR? The do a lot of mining and manufacturing in
> Minnesota, but I don't think they do anything involving consumer
> On Sat, 2004-03-13 at 17:00, Jason Kenney wrote:
> > I don't understand it either.
> > Take Palm and 3M for example.
> > 3M owned Palm, and at that time 3M was worth $800 million or something at
> > the time, but Palm was valued at $2 billion or something (I don't
> > remember the exact figures, but the ratios are still close... Palm was
> > worth ~3x what 3M was, even though Palm was owned by 3M).
> > Someone explain that one. : /
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