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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (36091)10/4/2000 11:33:27 AM
From: JDN  Read Replies (1) of 64865
 
Dear Charles: I take heart in the fact that EMC is also down a like amount. IMHO these two companies represent the cream of the internet infrastructure plays. The fact both are down about the same indicates to me that people are somewhat frightened of the high PE's of both and are taking profits for the moment. Once earnings are released on both of them it will again refresh their minds as to WHY these stocks carry high PE's. Just heard a few minutes ago on CNBC also that no one has ANY IDEA why these two stocks are down, not even a rumor of a downgrade on either of them, so I think my theory has some weight. JDN
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