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Technology Stocks : All About Sun Microsystems
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To: Sonki who wrote (12301)12/2/1998 2:31:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
Sonki, I think the analyst games have begun as you had apprehended. The rationale for the downgrade is probably reasonable, however the timing is suspect. I suspect this will keep Sun stock in a trading range between 70 and 80 in the near future. Since practically all analysts rate SUN as either buy or strong buy even at these levels, I doubt there will be upgrades after the Dec 8th analyst meeting (most likely reiteration of buy ratings). I do suspect some will use the standard caution that management will express at the meeting as excuse to lower ratings so that their clients can get it a few points below.

Regards

Alok
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