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Technology Stocks : All About Sun Microsystems

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To: Lynn who wrote (47726)3/8/2002 9:30:48 AM
From: techtonicbull   of 64865
 
Lynn I have held over 50K shares of SUNW for over 6 years. I have felt quite stupid at times that I didnt sell but I am confident in the management to build this company into a franchise name like an IBM or HP with time. I have suffered the analysts barbs even from my own company. I feel that they will be a player in the future. Let me ask you a question. Just think about it. How many cell phones have you owned? The average person who is in the 30 to 40 year old range is at least on their third or 4th generation.

Well just like new advances in cell phones, companies reach a point in the life of their IT systems where they either 1) outgrow them, or 2) wnt to capture the latest in expanded functionality. Watch what happens. Today's the start of it. Companies who have been on the fence about capital expenditures in IT will start to make those decisions to buy. They will "pull the string" on purchases that they know they will need in the very near future.

Technology as an industry group, being cyclical as we now know it is, will roar back as the leader in the markets. Yu will see expanded PE multiples as well as YOY earnings numbers will look outstanding (despite the reality that things have been so bad). Good luck to you.
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