REMARKABLE PERFORMANCE down only 9/16 on Friday when MSFT and the others lost over 2 points. Actually SUNW was up over 6 points last week.
What does this mean? Earnings are on track for the quarter for SUNW. I am a long-term bull on SUNW and strongly feel due to upside surprises in earnings, revenues and margins, which will occur in the next two quarters, SUNW will reach $100 per share by year's end.
SUNW's initiatives in e-commerce, i-planet, embedded Java, smart cards, etc. are all well thought out and designed to enhance sales of servers, workstations, network computers going forward. All of SUNW's efforts will enhance "topline growth".
It is topline growth, as opposed to share buy backs and creative accounting which makes company earnings grow, leading to share price growth.
As I have previously said, look for some price volatility in SUNW early next week which I believe will be a great opportunity to buy more shares of SUNW. |
