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Technology Stocks : All About Sun Microsystems

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To: Alok Sinha who wrote (14355)2/17/1999 4:39:00 PM
From: Charles Tutt  Read Replies (2) of 64865
 
Actually, I think the high is supportable fundamentally. Y/Y EPS growth rate for the quarter we're in seems likely to exceed 20% (even without any margin expansion), and I don't think a PEG of 2 is excessive compared to its peers, especially given that Sun seems to be one of the few major companies in the computer industry with growing sales. Assuming $2.80 trailing earnings, that gives a price at least in the 110's.

But that's JMHO, and not investment advice.
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