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Technology Stocks : All About Sun Microsystems
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To: cfimx who wrote (57068)11/25/2003 4:09:17 PM
From: rudedog  Read Replies (2) of 64865
 
Room - I sold about 20% of my INTC position and used most of the proceeds to buy AMD calls and LEAPS, and a much smaller position in SUNW LEAPs, back in September. I took a few of the near term AMD calls off the table two weeks ago and used the proceeds to buy a small NOVL position. The AMD play is obviously going well, NOVL looking decent. The SUNW has not paid out yet, but I was not expecting anything until their position becomes more clear.

They could either do a few things right in execution, which I think would do a lot for the stock price, or they could continue to fumble around and not put out a clear message, in which case that SUNW position will be money down the drain.

I don't think I would recommend SUNW to anyone yet, but I'm following my gut and a few rumors, which the Opteron announcement helped bear out, on where they are trying to go. As I have said, it is all in the execution at this point.
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