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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: t2 who wrote (77550)	5/29/2001 4:59:55 PM
From: The Freep	Read Replies (5) of 99985

So you're saying everyone expected this Sun warning, even though consensus estimates don't reflect that at all? OK. What about this fellow? From this morning. . . Merrill on Sun Micro (SUNW) By Julie Rannazzisi Merrill Lynch's Thomas Kraemer said a key industry contact at Sun Micro indicated that the calendar first quarter appeared to be very disappointing but also appeared to have been the bottom. Business in calendar 2002 is seen 15 to 20 percent higher sequentially and a "nice bounce" is expected in the month of June since it's Sun's fiscal year end. Merrill said the industry contact believes Sun is on track to make its revised numbers. "Their comments about the shape and length of recovery seem somewhat optimistic. We continue to believe that a Sun recovery depends on the U.S. economy. Signs of incremental improvement in the U.S. are important if they can be sustained and we are encouraged by what we heard. This would suggest that Sun may not need to take down numbers again or, if it does so, that the revisions will likely be small," Kraemer told clients. He expects Sun to be conservative on their mid-quarter update late Tuesday. Sun shares (SUNW) traded down 9 percent in recent action. Hey, NV -- since you expect all these warnings and such, why don't you post a list of the top ten stocks in the NDX and tell us what they're gonna earn? Do it now before anyone else warns. Do a good job, and that'll silence a lot of your critics. I guess, to me and you both, though, the question is what impact these warnings and missed numbers will actually have on the market. Will they get ignored as they did in April? Do we sail on by until (if) Q3 and Q4 numbers get revised? It just seems to me that such reduced earnings now have to cap the naz upside later -- unless PEs reach those stratospheric levels again. the freep

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