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Technology Stocks : All About Sun Microsystems

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To: Senthil Sankarappan who wrote (252)	1/20/1997 12:10:00 PM
From: uu	of 64865

Senthil: > 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. Actually this is OK. It is not a normal pattern for Sun because in the past after the earnings the stock either has gone through the roof if it had not performed great prior to the earnings (such as this last earnings report that just came out) or the price went down drastically after the great earnings report (like Q3's report - but the stock had gone up drastically prior to the report). In this case the stock is behaving more normal and I rather see it trade in the $30-$32 range and go up gradually rather than going up quickly causing to attract a lot of momentum players bringing (as in the words of Alan G) 'irrational exuberance' to the stock (causing the price to be extremly volatile). In the short run I can see Sun gradually going toward $40 before it settles around $35-$36 range. Of course I may very well be wrong. But I am not concerned about the short term at all. I am looking for the stock to be around $60 or more by the year end, early 1998 (next year at this time). Regards, - Addi Jamshidi

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