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Technology Stocks : All About Sun Microsystems
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To: Sophie Janne who wrote (15437)4/15/1999 4:40:00 PM
From: Alok Sinha  Read Replies (2) of 64865
 
Look at the REVENUE GROWTH (24%). That is why SUN will do well tomorrow. Too many companies have made or beat their numbers with weak revenues (making the shortfall by selling Internet stock holdings or
interest revenues). That is the reason for the underlying weakness in NASD and nervousness. SUN's figures basically show that it is (as of now) unaffected by the general PC and tech slowdown.

The conference call will most likely guide the 2nd quarter estimates higher. You should recall that SUn had previously indicated an acceleration in growth on the second half, and these results just add
credibility to their projections.

If there is a sell-off after this (and there very well maybe), I am adding a lot more. A couple of weeks back, Dale (a long time SUN bear whose short position transformed into puts) had asked if anybody was buying SUn in the 120s, and I had said no. After this report I feel quite comfortable building back my position at these levels.

Regards

Alok
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