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Technology Stocks : All About Sun Microsystems

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To: Carmine Cammarosano who wrote (8341)3/14/1998 7:44:00 PM
From: Beachbumm  Read Replies (2) of 64865
 
Carmine, Cramer said that a Sun rep was speaking at a conference and mentioned that Asia would impact revenue growth from that region for a while. (Duh!) Apparently, people started fleeing the hall to call their firms and report that Sun wouldn't make the quarter and revenue was going down. The selling became a torrent. Word got back to the Sun rep on the dais that his stock was in free-fall and he said, wait, wait, the quarter's okay. Cramer was just using this as a show and tell example of how he makes trades. He wanted to jump in but Berkowitz wouldn't let him.

Beachbumm
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