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Technology Stocks : All About Sun Microsystems

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To: Tecinvestor who wrote (29214)	3/21/2000 10:58:00 AM
From: Steve Lee	Read Replies (3) of 64865

Re: "SUNW holding up very nicely in this choppy market. As soon as this market firms up a bit, I'm looking for a pop to the $110 range and a split announcement. Any comments?" My comment - unlikely. Based on stock action I reckon it will trade between 95 and 88 for a few days before heading for high 70's. Will reevaluate after that. Will still be overvalued in 70's on fundamentals. The question then is whether valuation will readjust further downwards to meet fundamentals, or if stock will stay stagnant for a couple of years whilst we see if the fundamentals catch up. This opinion is based on my readings of stock action and the state of the industry. No hurt is intended to anybody. I am neither long nor short SUNW. I welcome any criticism whether constructive or not. Apologies to the more sensitive thread members if this opinion does not agree with your own.

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