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Technology Stocks : All About Sun Microsystems

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To: vampire who wrote (38939)	12/11/2000 2:06:50 PM
From: John Carragher	Read Replies (1) of 64865

market watch Sun Microsystems (SUNW: news, msgs) stock, however, extended its hefty losses from Friday. The shares were lower by $1.81 to $37.06, with 60.3 million shares changing hands. Shedding some light on the drop in Sun shares was analyst Laura Conigliaro at Goldman Sachs. She told clients in a research note that she expects Sun shares to remain under pressure in the near-term due to growing uncertainties in the macro environment. Conigliaro added that Sun is "less likely" to beat current financial estimates and suggests that "fresh money would probably be better advised to be looking elsewhere," pointing to Brocade Communications (BRCD: news, msgs) and EMC (EMC: news, msgs) .

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