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Technology Stocks : All About Sun Microsystems
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To: fuzzymath who wrote (34668)8/25/2000 6:34:52 AM
From: JDN  Read Replies (2) of 64865
 
Dear Kevin: For us REALLY long term holders of SUNW we can remember when the stock just languished at an UNDER MARKET PE ratio. FINALLY the market "got it" and stock began its incredible climb. I dont expect anything like the past 3 years to be duplicated in the future. However, it would not surprise me if we continue to have solid 25% gains or so in the price annually for some time. This would allow the PE ratio to actually drop as I also feel the company will easily increase earnings 40% or more a year for at least the next 3 years. JDN
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