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Technology Stocks : All About Sun Microsystems
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To: Michael Watkins who wrote (9449)5/1/1998 4:11:00 PM
From: The Ox  Read Replies (1) of 64865
 
While most on this board will disagree with me, I don't think SUNW's stock performance is all that bad. At least since I last purchased at 28 a little over a year ago. While the quick run to the low 50s took me by surprise, this company's fundamentals didn't support the stock at that price, at that time, IMO.

The company is growing at a 15 to 20% clip and therefore should be trading at PE of 18 to 25 or somewhere in that range. I think this is a great company with a very solid future. One year from now when the stock is trading in the mid 50s (my prediction), I will also be very pleased with my return.

All those people who bought SUNW over 50 are the ones whining the most. Those same people probably didn't do their homework. I strongly agree with Addi that SUNW looks attractive at 38 and is a strong buy in the 35 and under range. I firmly believe that the new storage line will bring in serious revenue and we may have to adjust upward the future growth %. But for now this company seems like a decent value at 42 but not exceptional.

While I'd like this stock to double as much as the next SUNW holder, I also try to keep the stock price in perspective. All the MSFT bashing or McNeely bashing doesn't affect the stock's price.

Growth, revenue, products! All of these SUNW has and will continue to have in the future. Sit back and enjoy the ride, or get off at the next stop and choose another destination.

Repectfully,
Michael
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