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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (32443)5/30/2000 3:08:00 PM
From: QwikSand  Read Replies (2) of 64865
 
How about "in the money by the time earnings are announced in July?"

IMO that's a weak limb to go out on. There are too many things in this low-volume-vacillation environment that could cause a plunge and too few things that could cause a general market runup. Unfortunately, the "Fed realizes they're done and the next raise is only .25" type of talk is pretty general today. Joe Battapaglia is bullish. Both bad signs. Any strong statistic, bad news, .5 hike, etc. will spell pullback.

I think your first guess was better. By the end of the year when Sun will have had the chance (I hope) to actually get some new product out the door and 2 more quarters of good earnings growth, we might see a base in the high 80's. Press releases at Java 1 won't do it. A super-blowout June quarter might do it, but that's low-liklihood. I'm NOT worried about competitors like the Wintellites. I AM worried about the world economy and Sun's own new-product execution.

--QS
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