Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Rick Buskey who wrote (118901)	12/13/2000 2:26:08 PM
From: Dave Gore	Read Replies (3) of 120523

Richard, here's some research info on SUNW; it's down from $120 (i.e. $60 split adjusted in Oct.) and now has a pretty reasonable valuation and is a diversified company with still promising growth rates. I like Scott McNeely a bunch...smart guy. But mostly I like the big drop in value in just the last 3 months. "Sun Microsystem is a leading worldwide provider of products, services and support solutions for building and maintaining network computing environments. The company sells scalable computer systems, high-speed microprocessors, and a complete line of high performance software for operating network computing equipment and storage products. The company also provides a full range of services, including support, education, and professional services. The company products and services command a significant share of the rapidly growing network computing market." For laughs look at the Analyst comments!....LOL Even adjusting them for the 2 for 1 split that occurred recently, they are still great examples of poor analysis. 05-Oct-00 15:00 -- 16:00 ET Sun Microsystems (SUNW) 109 7/16 -2 1/64: Thomas Weisel reiterates BUY rating and price target of $135. Calls issue their best idea in Enterprise Systems & Storage space at the start of Q4. Likes strong business momentum, large market cap and good trading liquidity which firm thinks provide an attractive idea in a choppy market. 03-Oct-00 11:00 -- 12:00 ET Sun Microsystems (SUNW) 113 9/16 unch: ABN AMRO initiates coverage with an OUTPERFORM rating and price target of $140; believes SUNW still has huge market opportunity as traditional corporations and emerging ASPs build out their Internet infrastructures. 26-Sep-00 15:00 -- 16:00 ET Sun Microsystems (SUNW) 118 1/8 +1/8: Merrill Lynch resumes NT BUY/LT BUY rating and price target of $145; says company's momentum in Solaris and first-mover advantage in fastest growing markets should fuel continued share gains. 25-Sep-00 BEFORE THE OPEN Sun Microsys (SUNW) 118 1/16: Announces plans to significantly increase its investment focus on the Asia Pacific region through its newly formed Sun Asia Pacific Venture Investment Program; company is targeting $50 mln of investments through this program; with co-investments from local partners, expects the program to provide $250 mln in total investment capital for the region; see press release.

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