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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (40643)	1/19/2001 5:01:52 PM
From: DiViT	Read Replies (1) of 64865

I certainly wouldn't dismiss it and I would take an objective look at what they had to say. Up until yesterday Sun has maintained a "no problems here" stance. Unfortunately they had to fess up. The numbers demonstrate that they are NOT IMMUNE to the market conditions, nor are their customers. They missed sales revenue and they said they were surprised by the decreased activity in December. THEY SAID THEY were surprised. So now their forward visibility is in question. All this means increased risk. So now their multiple, will get adjusted accordingly, as has the multiple of hundreds of stocks have. Perhaps such a multiple was warranted in the mania that was the market a year ago, but these are different times. They will have to reprove themselves, and this will take time. The short term money will move out of it for now. JMHO

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