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Technology Stocks : All About Sun Microsystems

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From: cfimx	1/20/2006 2:21:16 PM
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Interesting according to yahoo finance sun micro 90 days ago was expected to earn .15 a share in fiscal OH SEVEN. Now, curiously, it is expected to earn all .02 in OH SEVEN. that's right 2007. So I wonder why the rally? Well some short covering, the AMD halo and of course the Google tie in. Notice none of these reasons relate to earnings dividends and sales growth. No its not quite 1999 again but it is certainly not RATIONAL for this stock, which has yet to earn a dime since the dot.com's crashed years ago, to be up where it is. So my forecast remains. If the market ever returns to valuing companies based on what they earn and can give back to shareholders, and I suspect it will someday, this stock MUST I repeat MUST trade lower and probably considerably so. But of course the market may well keep wondering about sun and google and sun and amd and "storage" for some time yet. And of course, take what I say with a grain of salt for while I was eventually proven right about sun micro and its prospects when I posted regularly in the late 90s, I looked awfully silly as investors divorced themselves from reality during the naz bubble. I may well be early again. regards

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