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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (42600)3/30/2001 6:26:11 PM
From: High-Tech East  Read Replies (2) of 64865
 
Charlie, on February 5, 39 trading days ago, I set possible buy targets for thirteen tech stocks that I might have been interested in buying if they reached those target prices by July. It was the kind of paper exercise I often do to try to try to stay aware of what is going on. As you may recall, I posted the numbers here ... these are the results through today ...

The companies that I am really interested in owning (though not yet) are four companies from the Boston area that I am pretty familiar with - Analog Devices, EMC, Sycamore Networks and Teradyne - and Sun Microsystems.
First, I would buy SUNW, EMC and SCMR. I would buy about 1/5 of a full position five different times - hopefully averaging-up. I never have believed in averaging down - I like to go with the established trend.

What do you think? Anyone else care to comment?

Ken

company & ticker
price on 02/05/01 - rounded
target price -% change from 02/05/01 price
price on 03/30/01 - % change from 02/05/01 price

Analog Devices - ADI
55
33 - minus 40%
36.24 - minus 34%

GlobeSpan - GSPN
35
18 - minus 50%
21.87 - minus 37%

PMC Sierra - PMCS
68
38 - minus 45%
24.74 - minus 64%

Vitesse - VTSS
67
25 - minus 63%
23.81 - minus 64%

Cisco Systems - CSCO
35
18 - minus 50%
15.81 - minus 55%

Nortel - NT
36
18 - minus 51%
14.05 - minus 61%

Sycamore Networks - SCMR
29
18 - minus 40%
10 - minus 65%

EMC - EMC
72
33 - minus 55%
29.40 - minus 59%

Network Appliances - NTAP
47
18 - minus 63%
16.81 - minus 64%

General Electric - GE
46
28 - minus 40%
41.86 - minus 9%

Teradyne - TER
39
18 - minus 55%
33 - minus 15%

Sun Microsystems - SUNW
29
18 - minus 40%
15.37 - minus 47%

Veritas - VRTS
87
45 - minus 48%
46.24 - minus 47%
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