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Technology Stocks : All About Sun Microsystems
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To: Paul Shread who wrote (9120)4/16/1998 6:47:00 PM
From: Andy M.   of 64865
 
Paul,
That word "results" is ambiguous. If it refers to revenues, then eps could still grow 21%. saying at least 15% could also be a way of putting a solid floor down; does not rule out 21%. I guess a more thorough account of the conference call would make this more clear. Sun seems to be trading at a reasonable valuation right now. Though the quarter was not spectacular, it was certainly very solid. With all of the analysts lowering their expectations to .55 in the weeks before earnings, .59 should be generally reassuring. I think the market had priced the stock for a slight shortfall in earnings.

Andy
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