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Technology Stocks : All About Sun Microsystems

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To: High-Tech East who wrote (9158)	4/17/1998 12:49:00 PM
From: Haim R. Branisteanu	of 64865

High-Tech, would try to answer your question. 1. as to the profit picture, I wrote April 40 Puts and also accumulated more SUNw around 38.5 recently. 5% profit within a week is quite decent IMHO. 2. As to your 2003 and 2010 time range it is well out of my ability to perceive or predict any business environment or even more SUNW stock price. 3. The US Mail order speaks for itself. As to valuation look at HWP and more read this press release Sun Microsystems Inc. (SUNW) 40 7/8 +1/8: --UPDATE-- Lehman Brothers lowers Q4 EPS for workstation, server and software concern as revenues in Q3 came in below forecast; lowers Q4 EPS from $0.72 to $0.70 and full-year 1998 EPS from $2.30 to $2.27 a share due primarily to Asia and a difficult Q4 comparison; also lowers FY99 from $2.75 to $2.65 a share, but continues to rate issue "buy"..... Secondly at those lofty valuation I prefer to be mostly in cash with quick entries short or long in various stocks. As to SUNW and McNeily personally I like the comapny and the guy, and hope JAVA will be the standard software in the future, but this will not change my investment decisions IT IS MY MONEY after all. I am not a beliver in the so called "long term investing" as I do not have the ability to predict economic enviroment several years in advance. As to the recent 7 years or for that matter last 17 years it was a great place for investors to invest in the US stock market e.g. INDEX FUNDS. As to selection of stocks they are far and in between. I do anticipated this mania to end, but on the same token I can be dead wrong. Therfeore I like quick in -out positions. Feel very comfortable with cash those days. Would like to add that my transaction fees are around 1 cent or less per share. I hope it helps. Happy trading Haim

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