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Technology Stocks : All About Sun Microsystems
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To: Prognosticator who wrote (38937)12/11/2000 2:00:33 PM
From: Dave Gore  Read Replies (1) of 64865
 
FYI - SUNW selling off on Banc of America warning that SUNW has given rebates of 3%. That signals weakness in the channel for the first time.

13:18 ET Sun Microsystems (SUNW) 36 1/8 -2 13/16 (-7.2%): -- Update -- Issue slips to lows of the
day after Banc of America Securities reports that its channel checks reveal rebates of 3% across-the-board,
which firm is seeing for the first time. B of A says it would be a buyer of the stock in the low-$30s.
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