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Technology Stocks : All About Sun Microsystems

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To: Elroy who wrote (50574)7/22/2002 8:13:44 PM
From: Humblefrank  Read Replies (1) of 64865
 
Merrill Lynch put out some statistics on Sun that are similar to what has been discussed here. I'm not an accountant, but it seems they're saying the book value of Sun is $2.90 a share? I suppose they would start buying back they're stock if it falls that low.

>>stock trades at 33x FY03 earnings est and 1.2x the S&P 500 multiple (compared with 7x in 1994 and 0.50-0.60x in the early-1990s), today's price-to-sales is 1.06 (vs the 1994 trough level of 0.43), and the price-to-book is 1.4x (vs 1.19 in 1994).<<
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