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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (51450)	9/13/2002 5:11:01 AM
From: JDN	Read Replies (2) of 64865

Dear Charles: Well, a poster has posted that an analyst currently calculates TANGIBLE book value at $2.29 a share. I havent verified that calculation but assuming its true this gives absolutely NO VALUE to a going business and likely Property values substantially under market. I have to believe that this absurd current market price of SUNW is related primarily to the demise of the Telecom industry (which represented 50% of Sunw's business). Frankly, I have never fully understood how ALL the Telecom industry could COLLAPSE such as it did, nor did I foresee it. I have to believe in my gut that industry will begin to make comebacks eventually (people still do communicate dont they?). So, it seems to me SUNW's future success will lie in their ability to adapt and morph into other industries as well as maintain their hold in telecom. Good chance, SUNW will emerge an even better company than before in that not so reliant on one industry. The question is, will someone scoop them up before WE THE SHAREHOLDERS get to share in the rosy future. Dont know the answer, but at these prices I think it a real danger. JDN

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