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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (21622)	10/21/1999 10:12:00 PM
From: Sonki	Read Replies (1) of 64865

PW is just restating $120 target if sunw does not have Y@K concerns... haha... How else could big insitutions collect on the stock big time? Without driving up the price? hwp, ibm, emc, sgi and list goes on... all the mony coming out of these stocks must be going some where ! If anyone actually belived sunw has y2k problem, I would expect the stock to be $70 like dale sez. what was PW doing at sunw conf call? did he hear? w2k ?y2k bit ------------------------------------------------- PaineWebber analyst Don Young said he lowered its rating on SUN MICROSYSTEMS INC to neutral from buy and cut its price target to $95 from $120. Young said Sun may have strong visibility and a high backlog heading into the December quarter, but he is growing increasingly concerned about the Y2K "bubble effect" with March quarter implications. Said he still thinks of Sun as the strategically best positioned Enterprise Server company, but until he can get more comfortable with the Y2K issue, he thinks it's prudent to adopt a more conservative position. (Reuters 03:41 PM ET 10/21/99)

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