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Technology Stocks : All About Sun Microsystems
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To: Haim R. Branisteanu who wrote (16657)5/27/1999 10:00:00 AM
From: The Ox  Read Replies (1) of 64865
 
Haim,
One should not be surprised by a point or 2 drop in SUNW today simply because there was a huge move yesterday (10%+).

I also question those who say that SUNW should trade at a 60 P/E. I find that number incredibly high and I find little to justify such a lofty number. In the same breath I should state that SUNW does deserve a premium above it's growth rate because of the company's ability to deliver under tough circumstances and because of their ability to execute their vision.

I don't believe the stock should be trading in the 30s, even with the bond yield rising. At a certain point, interest rates could weigh heavily on the market but not at today's rate.

BWDIK?
Michael
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