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Technology Stocks : All About Sun Microsystems
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To: cfimx who wrote (23713)12/1/1999 2:53:00 PM
From: The Ox  Read Replies (1) of 64865
 
You can use the word rational all you want but the market has been more rational when it comes to SUNW then many other companies. Back in 1996, when SUNW was trading at a P/E below their growth rate, there were those of us who could see the horizon and the possibilities. Those of us who saw that SUNW was a bargain and purchased it have been well rewarded. I won't attempt to justify today's P/E as I agree it is excessive when viewed in the traditional formula (compared to today's growth rate).

twister, the way I see it, back then you were quick to justify MSFT's P/E, which BTW was higher then their actual growth rate. Now today we find SUNW in a similar position. SUNW has gained market share, mindshare, dot com share, and other 'shares'. Therefore, they have now been put in the category of the MSFT's of this world where there is much more to the big picture then simply the company's growth rate. JAVA, JINI, Solaris, and their high end servers are only part of the story that the investment community have bought into.
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