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Technology Stocks : All About Sun Microsystems

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To: Michael F. Donadio who wrote (26036)	1/10/2000 3:13:00 PM
From: JDN	Read Replies (1) of 64865

Dear Michael and all: My interpretation of this upgrade is that SUNW very well might exceed projected earnings for the past qtr. more than normally. JDN RESEARCH ALERT-Sun Microsystems <SUNW.O> up to buy NEW YORK, Jan 10 (Reuters) - Robertson Stephens Inc. said Monday it had raised its rating for Sun Microsystems to a buy from long-term attractive because it expected booking growth to have accelerated. It also said it had set a price target of $90 for the stock of the developer of workstations, servers, and software for network computing. "We believe bookings growth accelerated to over 25 percent (versus) 19 percent last quarter," read a report. "Due to their concerns over a late December slowdown in bookings, Sun tried fairly hard to front load the quarter," it said. "As a result, in the first 30-40 days of the quarter Sun did about 40 percent of their expected orders versus the normal 20 percent. However, the last two weeks of the quarter did not see the slowdown expected.

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