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Technology Stocks : All About Sun Microsystems

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To: johnd who wrote (27473)	2/9/2000 12:35:00 PM
From: johnd	Read Replies (1) of 64865

NEW YORK, Feb 9 (Reuters) - Bear Stearns said on Wednesday that analyst Andy Neff had raised its 2001 earnings estimate for Sun Microsystems Inc. (NasdaqNM:SUNW - news), based on expectations of higher revenue growth. -- said fiscal 2001 earnings per share estimate was raised to $1.20 from $1.10 to reflect the possibility of higher revenue growth, which could be closer to 25 percent. -- said fiscal 2000 earnings per share estimate was unchanged at $0.90. -- retained buy rating on stock, saying his only concern was the stock's rich valuation at 70-75 times his 2001 earnings estimate. ============================= So what is the big news about 25% revenue growth. Wasn't that said 100 times before?. Does it deserve 120 trailing PE? Does it deserve 100 times FY2000 estimate? Even the bullish analysts are worried about valuations

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