Dale ..... Welcome back. I'm sure, at some point, that I have participated in degrading your analysis of Sun Microsystems - in thought, if not in action. We fundamentally disagree on SUNW's valuation, and that is part of what enables the market for capital.
You do help to inspire the 'longs' (including me) to continually reexamine the pros and cons of holding our shares for additional gain. You, and others like you (twister, for example) bring the challenges or unfavorable news (to and about SUNW) to light.
Please continue to do that. As a messenger, many of us will keep 'shooting you', but keep doing it anyhow. SUNW has come a long way since last October, and no longer has a P/E in the teens to mid-20s. There is much more downside risk, at least in the short run, at 116 than at 40 ..... although I believe there is still more upside potential.
I hold to my own analysis that says SUNW will grow 1,000 to 10,000 per cent in value by 2002 to 2007 from my first purchase at 33 in May, 1997 (now dollar averaged at 42).
Whether your earlier or present 'shorts' on SUNW are more symbolic than financial, you obviously have a greater chance at vindication now than previously, just because of the weight of the numbers.
In contrast, I have believed that MSFT would plummet in price for almost 3 years. That has cost me a lost opportunity of the large gains they have made since then. I never shorted MSFT (fortunately for me), and I still believe they face a precipitous drop, and soon. But what do I know, I've been wrong for almost 3 years.
But I would not step in front of SUNW the freight train either.
Sun Microsystems - the most highly capitalized company in the world by 2002 to 2007 - the naive dreamer in all of us beats loudly in this heart outside Boston. KenW
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