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Technology Stocks : All About Sun Microsystems

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To: Lynn who wrote (64444)11/6/2007 4:45:47 PM
From: cfimx   of 64865
 
it's amazing how this company has been transformed, by bad r & d decisions and faster moving competition, from one of the four horseman of the Internet age to a pedestrian computer and storage company with a growth profile that looks more like EDS and IBM than Cisco. This is the real reason for the reverse split. This company is now on a path to grow it's top line at Mid Single Digits and it's bottom line a bit faster, if all goes well, due to tricks like buying back shares, buying other companies that actually make money (storagetek), and cost cutting. Not exactly the go go stock of days gone by. Time to move on...nothing to see here....I see downside here, if there is ever another bear market in the Nasdaq, to $3, which would be about 10 x next years earnings.
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