SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Arthur Tang3/23/2007 2:54:06 PM
   of 64865
 
11:22AM today Barron's based on their projection of 38 cents earnings in 2009; and PE ratio of nominal growth, had an immediate effect of pull back on Sunw. Day chart looks ugly.

We have a different projection based on Unix growth upto 2009. And that growth rate will have a more favorable P/E ratio.

Barron's article may pull back this stock to $5-6 level. We will see how the rumor goes, on the earnings of Sunw this quarter.

Then we have a rumor of acquisition of Rackable by the Street. Rackable has a revenue of $300 million and three large customers plus a new executive VP in sales to boot. Future of Rackable may grow into new storage technology areas. SUN did not deny any acquisition interest. Rackable had a nice move, but the potential acquirer had a pull back as usual in this business.

So, its tough call on trends in charting, until earnings are reported. I doubt that Nasdaq trader's short interest will be covered though, Unless investors sell on profit. Volume today is anemic.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News