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Technology Stocks : All About Sun Microsystems

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To: chapter11 who wrote (8270)	3/12/1998 1:34:00 PM
From: chapter11	Read Replies (2) of 64865

About SUN's earnings and what to make of the information we have... We have read on this thread about fund managers talking with someone from SUN who admitted to more Asian impact than anticipated. This caused the sudden Friday slump in the stock just before market close. It was also said that, alarmed by the market's reaction, the same person mentioned that numbers would still be met thus the rebound on Monday morning. If you are like me, you don't know what to make of this. Like many I have been reading Addi's great posts. A few weeks ago Addi pointed out that strength in Europe might offset Asian weakness and that he was only just a little bit concerned about SUN's earnings but I believe he has recently clearly said that he does not think SUN will meet analyst's unrealistic earnings for this quarter, that is was nearly impossible. Adopting what I thought was a reasonable approach I increased my cash position by selling stocks with little upside potential in the next months to jump on SUN if it is unfairly punished but did not sell any of my SUNW shares in case they actually do meet the numbers. chapter11

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