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Technology Stocks : All About Sun Microsystems
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To: Lizzie Tudor who wrote (51447)9/12/2002 4:03:43 PM
From: QwikSand  Read Replies (2) of 64865
 
I don't know what the book value is... I stopped looking at that after all these goodwill writedowns

It looks like there's more than goodwill involved too. Per the 10Q I pegged GAAP book at between $2.50 and $3.00 depending on how much goodwill you want to believe, but the Smith Barney guy doesn't think so:

The analyst did not change his "underperform - speculative" rating or his $2 price target on the stock. He said the $2 target was reasonable given the difficulty of generating profits, and given a tangible book value he pegged at $2.29.

--QS
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