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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (42852)	4/9/2001 5:09:27 PM
From: DiViT	Read Replies (2) of 64865

As usual Charles you're quick to put up the deflectors. Go ahead, deflect this: Shares of Sun Microsystems (SUNW: news, msgs, alerts) remained in heavy demand in evening trading, after a trading day that saw shares hit their lowest points in two years. Shares hit $12.86, a penny above the two-year low hit earlier in the session. Analyst Rebecca Runkle at Morgan Stanley says the stock "still appears expensive" on many traditional valuation measures. Runkle pointed to the glitch that the company found in its new UltraSparc III chip last week, which potentially affects its latest line of workstation and low- and mid-range server products. Separately, an article in the Wall Street Journal suggested that there was still hope for the Linux operating system, reporting that IBM saw Linux as a weapon against rival systems from Sun and Microsoft Shares finished Nasdaq trading at $13.04, but moved hands at $13.14 after hours.

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