Twister,
Before patting yourself on the back for calling the top on SUNW, lets remember it was you who said they were doomed back at $27. We're still up over 30% from that level after all of this mayhem, and that is a pretty damn good return on investment. Will Sun go lower? Perhaps, but the price is now discounting the increased server competition and other operational factors. As Java matures, and the big rollout of thin client computing devices (not just desktop) commences, Sun will no longer be relegated to the "high end graveyard" you consistently refer to.
Seems like results were still pretty darn strong, and there is reason to be bullish on the company's future from where I'm standing. The debt offering is a little disconcerting, but if the leverage is eventually used effectively, than kudo's to management for a wise operational decision. There are several ways to skin a cat, and you don't need $9 billion to be succesful. It certainly does help though! ;-)
Did you make money on your call? If yes, congrats for putting your $ where your keystrokes were...
Cheers,
Peter Shaw |
