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Technology Stocks : All About Sun Microsystems
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To: Alok Sinha who wrote (17397)6/27/1999 1:59:00 PM
From: QwikSand   of 64865
 
I agree. If SUNW hits and holds 70 by Q1CY00 (not talking about one day spikes followed by selloffs) I think that will be good progress, given the major correction that is bound to happen in the second half of this year. As for earnings, Sun will do what they always do: report 1 or 2 cents better than estimates. Each quarter for the last couple of years, people on this thread have predicted blowouts and there has NEVER been a blowout. Look back...2 cents over is as high as they go. SUNW blowouts just don't happen.

Given that SUNW already has a high multiple, and they deliberately manage away all upside earnings surprises, the stock price at this rich level can't do anything but grow slowly.

Regards,
--QwikSand
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