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Technology Stocks : All About Sun Microsystems
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To: techtonicbull who wrote (47300)2/7/2002 2:00:43 PM
From: im a survivor  Read Replies (1) of 64865
 
But even SUNW said they will now start to buy back shares of their own stock....doesnt sound like a company that is not confodent in it's future......as much as I would like to believe that sunw is buying their stock for the SOLE purpose of boosting investor confidence, thats hogwash....they would not buy shares of sunw if they didnt think the shares would move higher....and who would know better then the people that run the company....why would they buy back stck if they saw buisness falling off so badly, the stock was going sub $5? My guess is they are buying because they feel confdent sunw will be higher. Personally, I may not add, but I will at least hold my sunw with an adjusted $18 cost basis for a while and see what they can do....I am hoping they will make effective inroads into a very fast growing storage field, amongst other areas......
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