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Technology Stocks : All About Sun Microsystems

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To: Michael F. Donadio who wrote (35851)9/28/2000 11:33:58 AM
From: dennis michael patterson  Read Replies (1) of 64865
 
Merrill on SUNW

RESEARCH ALERT-Merrill says Sun value justified

NEW YORK, Sept 28 (Reuters) - Merrill Lynch said on Thursday that strong competitive position, the lack of a serious
challenger and the size of the market justified the higher valuation for computer-maker Sun Microsystems Inc. (NASDAQ:
SUNW).

-- Said new UltraSPARC III microprocessor makes Sun more competitive as it lifts a cloud over perceived credibility
problems surrounding speculated technical problems.

-- Said believed there are strong economic reasons for Sun customers to continue to buy and strong reasons for Sun to
continue to sell UltraSPARC II-based servers.

-- Sun's software leadership provides a pricing umbrella for what would otherwise be more commodity-like server,
storage and workstation hardware.

-- Sun Microsystems' shares up 3/4 to $118-11/16 on Nasdaq in early morning trade.
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