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Technology Stocks : All About Sun Microsystems

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To: Ben Antanaitis who wrote (4982)10/20/1997 2:55:00 PM
From: Rene Madsen   of 64865
 
But an analyst just worried that traders would throw away all techs if MSFT tanks.... regardless of the cause.

That would be a stupid thing to do, however likely. I don't think MSFT is "tanking" though: they dived down from $2.5+ to $4.0- on the news, but are now trading back up at $3/4- (131 1/2 x 131 9/16).

The wild moves following the news again highlights the fact that most analyst have no idea what's going on. The browser marked is not bread-and-butter for either MSFT or NSCP. For both it's really just a piece of freeware they give away to have their name on people's desktop.

Ren
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