John and All,
Interesting that SUNW has not participated in todays market rally. Could this "analyst opinion" be confirmation on what many on this thread have been saying all along?
"Friday, December 08, 2000
Sun off while Nasdaq rallies
--11:35 am - By Tomi Kilgore
Sun Microsystems (SUNW: news, msgs) is failing to participate in the tech rally, sliding $3.81, or 8.9 percent, to $39, while the tech-laden Nasdaq Composite ($COMPQ: news, msgs) gains 104 to 2,857. Analyst Toni Sacconaghi at Sanford Bernstein said the recent discussions with Sun executives suggest that the low end of both the server and storage markets are strong priorities in the short run. Sacconaghi wonders if that focus is a result of the company defending its ground against cheaper Intel-based systems or if Sun sees a growth opportunity. Sacconaghi expects the company to match the fiscal first-quarter revenue growth rate of 60 percent in its second quarter, but said "it is very likely that Sun's growth rate will slow" going forward. Concerns include consolidation in the Unix arena and a possible slowdown in spending in the telecommunications industry."
Maybe too early to tell. Besides, can we trust analyst opinions?<g>
SK |
