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Technology Stocks : All About Sun Microsystems

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To: FiloF who wrote (18065)	7/22/1999 6:46:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 64865

SUNW run up mostly in tandem with AOL and later with the GIN index. It was obvious since April that SUNW is not valued on it's own merits. Today with the dissapointment from AMZN and AOL they slammed SUNW again without any fundamental reason. IBM was recently also promoted as a Internet stock. After some more research I found that SUNW is held in many Internet related funds run by clueless people and speculators. Therefore IMHO if the internet craze will phase out which is quite likely SUNW will slide to the $40 to $50 range as all those funds will be driven out of existence. Still $40 is a 100% appreciation for SUNW since April/March 1998 no small change. BWDIK Haim

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