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Technology Stocks : All About Sun Microsystems

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To: David Harris who wrote (198)1/16/1997 11:36:00 AM
From: V Lakshman   of 64865
 
There is too much hoopla on this thread. I'm long on SUNW and am
glad earnings were 4c above street estmates. But expectations are running high, with johnny-come-lately analysts jumping on the bandwagon.

Taking a reasonable estimate of 0.92 for the next six months, the
part-forward earnings for this year is 1.69. Revenue growth being 19%,
SUNW rates a fair price of around 32. Not 37, not 45, not 60. $32.

I'm very bullish on the company and its prospects but
if the share price runs ahead of earnings, I'll sell and buy again
after everybody has regained their senses. Taxes be damned.

lakshman
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