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Technology Stocks : All About Sun Microsystems
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To: Bob Duncan who wrote (44725)8/29/2001 9:42:53 PM
From: techtonicbull  Read Replies (1) of 64865
 
I disagree. Sun Micro is a victim of the earnings recession in the general economy. I have not seen any credible evidence that there is anything that the company has done poorly, with one exception, they didn't have the foresight to reduce costs earlier. The demand for their products evaporated for the following three reasons: 1) Y2K buying was intense and stopped 2)Death of the dot.coms 3)CLECs made huge hardware purchases and are almost dead Plus one more reason, Double orders of chips and components in the chain which dried up.

Now will they go away? I don't think so. Will Europe and Asia rebound? Yes, in 2003 IMO. Will the CLEC's come back? Not any time soon/ Will the dot.coms come back? probably not.

Will there be increased usage of technology? Of course there will.
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