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Technology Stocks : All About Sun Microsystems

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To: Charles Tutt who wrote (53075)1/16/2003 4:19:08 PM
From: ivan solotaroff  Read Replies (1) of 64865
 
Charles,

Howdy.
Gutsy move, to buy at 3:57 before earnings!
I think the "guidance on the guidance" (McNeally's quotes in the 4:01 PR statement) indicate positivity ahead at 4:30:
"Overall, our balance sheet is very strong with more than $5 billion in cash and marketable securities and net equity of over $7 billion." That seems to minimize the damage of the write-off, which is the bad news of the release.
Nice trade!

Ivan
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