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Technology Stocks : All About Sun Microsystems

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To: John Carragher who wrote (14690)	3/11/1999 7:20:00 PM
From: Alok Sinha	Read Replies (2) of 64865

Techs look awfully weak after hours. ORCL is going to take a big hair-cut. I believe the revenues were weak, and the positive spin Ellison is putting in the conf call is not helping the stock in after hours (trading at 30+ after closing at 37). I doubt it will open that low on NASD though. Tomorrow many be good time to buy SUN Mar 110 calls, as I expect a rally by the end of the day. I had written calls on SUN in this last rally, and I am looking to cover. As I have always maintained, by setting increased revenue / EPS expectations for the second half of the year, SUN management has ensured that the stock will not fall too much in any correction. Most analysts will not downgrade unless they see very clear signs of a slowdown affecting SUN's business. Also the upcoming split will help in getting more retail investors in. I am guessing we will be in the 103-104 range during some point tomorrow. Regards Alok

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