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Technology Stocks : All About Sun Microsystems
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To: Prognosticator who wrote (38945)12/11/2000 2:24:26 PM
From: Gregory   of 64865
 
What do you mean poor souls?
All major banks , insurance companies and major financial institutions in USA and elsewhere are running mainframes.
Companies that make real money are no interested in saving pennies on equipment. They still run their 95+ % of their applications on expensive but stable mainframes.
I do not want to say anything bad about SUNW. It is a great and innovative company. This is why I am long SUNW.
Problem is that it is at much higher price, than it is trading now. It is a great and innovative company. But the rival (IBM) is not something to underestimate. They have proven many times that they do not b.u.l.i.t . They may not be as flexible as smaller companies. It takes them longer to realize mistakes they make, and to fix them, but they do. Like I said before, it is like a choo-choo train. Difficult to move from zero speed to maximmum, but if it started it is also difficult to stop.
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