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Technology Stocks : SUN microsystems: 7/18/96 quarterly report - BIG!
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To: Charles Tutt who wrote (210)8/13/1996 4:41:00 PM
From: Mike Redding   of 386
 
$100/sh at the time of the split would be great, however, I don't see it. The closer we get to October, the more skittish the market will become. It's almost as if waiting for the slightest piece of data on which to claim a downturn resulting in a sell. For what it's worth, I would be very suprised if this market had not corrected by 200-300 pts by Oct. and even more suprised if SUNW trades higher than $30 after the split. THEN IT WILL BE A GREAT BUY. This is a solid company though another major acquisition (funded by the yet to be realized anticipated proceeds of a stock split) may serve to bog the price down into 1997 when I think it should be churning out 25-35% per year. I guess I'm still waiting to see what happens in Sept. and Oct. Comments??
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