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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (13284)	1/10/1999 11:37:00 AM
From: Rusty Johnson	Read Replies (1) of 64865

In the shadows no longer, Sun's stock is shining by Adam Lashinsky Staff Writer San Jose Mercury News mercurycenter.com Why the Sunburst? ''Like Cisco, Sun has now become recognized as a core Internet infrastructure stock, and that puts it on a whole different valuation curve,'' crows a venture capitalist, a Sun worshiper who didn't have to remind his listener that he emphatically believed on Oct. 1 that Sun's stock was ready for takeoff. But can it grow from its current valuation, essentially 33 times Wall Street's earnings estimates of $2.77 per share for the year ending in June? ''I'm still bullish,'' says the Sun lover, who also is a shareholder. The excitement over Sun -- and the reason for the comparison to Cisco Systems Inc. (Nasdaq, CSCO) -- is that its primary business is making powerful computers known as servers that handle Internet traffic, among other tasks. It's a perfect example of the ''other'' kind of Internet company, the type that actually earns profits from the explosion of Internet usage.

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