Epoch Partners Issues a Research Note on Handspring

Apr 16, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 16 /PRNewswire/ -- Epoch Partners today issued a
 Research Note on Handspring (Nasdaq: HAND).  The Research Note, issued by
 Matthew Adams, Analyst, Wireless Data with Epoch Partners, discusses
 Handspring's fiscal third-quarter results.  The following are key highlights
 included in the note:
 
     -- Handspring's March numbers demonstrated strong demand for the company's
        new products, but management opted for caution and lowered
        expectations.
     -- We do not think Handspring's new products will suffer because of Palm's
        price cuts, but the flagship Visor could be susceptible. Overall, we
        think Handspring's low-price strategy makes the company less
        susceptible to price compression than high-end vendors and should
        enable the company to weather a price war.
     -- We are now raising our top-line numbers thanks to the visibility
        offered by Handspring's management. However, we are cutting our EPS
        forecasts in anticipation of gross margin and operating margin
        pressures.
     -- Given last week's 26% run up in share price and lowered guidance, we
        think HAND will trade down during the early part of next week. However,
        we are long-term buyers of HAND shares at these levels and would use
        the short-term weakness to build positions in the stock.
 
     Our full note, with detailed analysis of each company, is available free
 at:  www.epoch.com.
 
     Internet Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Aether Systems, Amazon.com, eBay, InfoSpace,
 Openwave, Vicinity and Yahoo.
     In addition, investors can be added to the Internet email alert system,
 which alerts investors to new research in the Internet sector.  To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochinternet .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 16 /PRNewswire/ -- Epoch Partners today issued a
 Research Note on Handspring (Nasdaq: HAND).  The Research Note, issued by
 Matthew Adams, Analyst, Wireless Data with Epoch Partners, discusses
 Handspring's fiscal third-quarter results.  The following are key highlights
 included in the note:
 
     -- Handspring's March numbers demonstrated strong demand for the company's
        new products, but management opted for caution and lowered
        expectations.
     -- We do not think Handspring's new products will suffer because of Palm's
        price cuts, but the flagship Visor could be susceptible. Overall, we
        think Handspring's low-price strategy makes the company less
        susceptible to price compression than high-end vendors and should
        enable the company to weather a price war.
     -- We are now raising our top-line numbers thanks to the visibility
        offered by Handspring's management. However, we are cutting our EPS
        forecasts in anticipation of gross margin and operating margin
        pressures.
     -- Given last week's 26% run up in share price and lowered guidance, we
        think HAND will trade down during the early part of next week. However,
        we are long-term buyers of HAND shares at these levels and would use
        the short-term weakness to build positions in the stock.
 
     Our full note, with detailed analysis of each company, is available free
 at:  www.epoch.com.
 
     Internet Research Coverage
     Investors can visit Epoch's Web site to read research coverage on the
 following public companies:  Aether Systems, Amazon.com, eBay, InfoSpace,
 Openwave, Vicinity and Yahoo.
     In addition, investors can be added to the Internet email alert system,
 which alerts investors to new research in the Internet sector.  To be added to
 this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochinternet .
     Full research coverage on other companies under coverage by Epoch is
 available for free to investors through the Epoch Web site (www.epoch.com).
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.