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Technology Stocks : All About Sun Microsystems

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To: uu who wrote (248)1/18/1997 7:03:00 PM
From: Senthil Sankarappan   of 64865
 
Thanks Addi for the detailed message. I am very confident of SUN and Java like you. I was only bit disappointed to see that they had 25% revenue growth last qtr. and only 19% this qtr. I listened to their conference call today only. Looks like SUN is very optimistic about their future. They have more backlog now than they had 3 months back. This does not include any of the new products announced recently (like the new cost effective Sparc5 or the next week's high end machines).
Also, you have followed SUN more than me and you have been correct so far. I agree to you.

One more question to you: Though everybody is pleased with SUN's results, the stock did not sky rocket like it used to do earlier. 31 1/4 is no big deal. I have seen this price in normal fluctuations for SUNW. In fact, after the split it came to this range I think. I was expecting it to shoot up to 33-34 range and have resistance near year high. What is your opinion on this? Why there is no big upside price move though there is tremendous volume? Due you attribute this to just a normal pattern?.

Thanks again
-senthil
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