Zeev's Turnips Patch-No Politics (ZEEV)

[w0zz]

Wahz, you might take a look at Wavecom S.A. (WVCM) which is a French ADR. Very thinly traded on the NASDAQ but very reasonably priced (today Yahoo says P/E 5.7 and P/S 0.36). They make WISMO's (WIreless Standard MOdules) for cellular products. BTW, since you are interested in PALM, Handspring uses WVCM modules for their cellular interface. WVCM recently took a big hit when they announced their primary customer TCL (Chinese handset manufacturer) was shifting some business to other suppliers. The market acted as though the business is vanishing but it is not. Here are a few references for your DD:

http://www.wavecom.com/home/XMLindex.php (see info in "Investors")

http://www.tweisel.com/twpds?__fwdtourl__=/research/ShowWeekly.jsp?id=13 (click 12/16/02 report for latest summary)

http://research.soundview.com/soundview/public/cache.asp?ticker=WVCM (Sept 12 report is a good summary)

I shifted 2/3 of my SWKS to WVCM after the big drop in late December and only wish I had done it all after what happened to SWKS since then!