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Technology Stocks : All About Sun Microsystems

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To: Haim R. Branisteanu who wrote (41368)	2/21/2001 9:20:48 AM
From: Sonki	of 64865

with the reduced estimate sunw is now trading at 26 forward pe. of june 2k2. cpi number and semi book to bill will also add to haircut in sunw today. ---- 22 1/4: Merrill Lynch downgrades to NT NEUTRAL from NT ACCUMULATE and lowers FY01 (Jun) estimate from $0.68 to $0.65 and FY02 estimate from $0.89 to $0.84. Says economic softness is accelerating non-economic trends that threaten Sun and raise the likelihood that numbers may need to again be reduced. Channel inventories are at a 3 year high. Storage spending remains strong. Sun not only misses this revenue but also runs the risk of losing account control as storage vendors gain influence. Continue to like Sun's server position, but storage matters more. An OEM agreement may be necessary for the next 2 years until Sun can replace the T3.

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