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Technology Stocks : All About Sun Microsystems

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To: Sean Sheldon who wrote ()	9/22/1998 10:53:00 AM
From: Mike Milde	of 64865

I hate to keep saying this (and wouldn't bother if it didn't have value beyond your comments), but you can't "prove" a thing from charts. People look at charts because it feels good and they like to find patterns and draw straight lines to predict the future using the past. You can do that to some extent when looking at revenue and earnings growth, but it's a totally different ball game when looking at a stock price. Predicting perceived value becomes very complex and straight lines on charts have nothing to do with it. Any idiot can find a straight line on a chart, but few idiots are rich. Microsoft's stock price may or may not continue to climb, but compare Microsoft right now to IBM years ago. If the perception changes and investors and users begin to view them as a company with bloated products (there's lots of talk of NT's 40 million lines of flakey code) and proprietary interfaces (this goes without saying), then they're massive valuation could go out the window. This should sound like a familiar story. Buy value (easier said than done). Period. Mike

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