Charles- I disagree. Although SUNW may sell off a little on (options) Friday, no matter the Q1 result, I think we're looking at a forthcoming convergence of circumstance that will result in a well earned divergence from SUNW's historical shadowing value of the NASDAQ market and other previous patterns.
A lot of that has to do with an anticipated (somewhat glowing) forward tone of the Q1 conference call, which is reasonable to assume. The sector is reporting well. The Wintel darling is not delivering on expectations, is looking less and less like the previously advertised electron messiah, and SUNW even at .50 is looking safe, reliable, and with significantly fewer peers in the 'double digit growth' tech stocks category.
It's reasonable (IMO) to expect that the Fed will lower interest rates soon, and that dollars will be seeking the type of proven quality that SUNW is in possession of. After climbing the street's wall of worry, and flying defiantly in the face of the conventional 'wisdom' that held up Wintel as the grim reaper of all future SUNW (Unix) growth, it's becoming more apparent daily that SUNW is not going to be displaced anytime soon by Wintel and it's increasingly tenuous position in the server centric (non-Nintendo) world of enterprise computing. SUNW may have finally arrived.
I'm going to under guess Ken's .57 at .55. But, I'm going to add a guess that SUNW will announce a December split tomorrow, and momentum will build as MSFT antitrust plays out over the coming weeks and months. I think too that we'll see $60 in rather short order. I think that we'll see $70 before the Q2 conference call in January.
JCJ
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