The success of the IPO is even more impressive when you consider how many techno-IPOs have been ditched or delayed in recent weeks. Analysts say unlike those flops, Handspring has much to offer investors. Donna Dubinsky and Jeff Hawkins are the people who created Palm. This is the best handheld team, period. Also, Handspring has a lot of momentum behind it because it's growing very quickly.
Revenues are more than doubling on a sequential basis.
There's fierce competition, especially from Palm Pilot, which holds three quarters of the market. Component shortages could also hurt. Today's IPO, while lucrative, should not be taken as the ultimate sign of success. In New York, I'm Michelle Brier for Marketplace. And that's the top of our news for Wednesday.