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Technology Stocks : All About Sun Microsystems

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To: A.L. Reagan who wrote (38402)	12/1/2000 2:47:23 PM
From: cheryl williamson	Read Replies (2) of 64865

Hi A.L. I'm not a short-term trader so I don't try to guess what is going to happen to short-term prices. The market psychology right now is really downcast, so people tend to sell as a rule rather than buy as a rule. 1 year ago gateway's problems would have been largely ignored amidst the rally. People get spooked by events and news & we've had our share of bad news for the last 3 months. That doesn't change the fundamentals of Sun, however. I'm looking to 12/18 & 12/19 for the following VERY positive indicators to help market psychology: 12/18 the electoral college votes for Bush. 12/19 AG lowers interest rates. There's no rule that states "Sun Microsystems must trade at no more than 35x earnings". Sun grew well in the early 90's, but they are a different company now. I don't believe that the end of internet euphoria means the end of internet-generating wealth. I believe, rather that that is the beginning of great wealth-building for e-commerce companies. I also don't see anything or anyone standing in the way of Sun achieving a market cap of $450-500B. Do you???

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