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Technology Stocks : All About Sun Microsystems

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To: Alok Sinha who wrote (16453)	5/17/1999 9:04:00 PM
From: Marvin Mansky	Read Replies (1) of 64865

I agree that the Fed will make a move that will address "Irrational Exhuberance" and high PE's. I agree SUNW will drop to the mid 50's before starting to rise again. I believe, as I said yesterday, $58 will be a good buying opportunity. HWP's bettering estimates ($.80) by .08 to ($88) will be a negative for SUNW. There will be a perception that SUNW is losing ground in the UNIX server market. Long term $100 will not be unreasonable due to upside surprises in the next two quarters. Technically, short term, SUNW is a bit "tired" and due for a correction.

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