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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Rusty Johnson who wrote (17178)	6/18/1999 8:16:00 AM
From: John Carragher	Read Replies (2) \| Respond to of 64865

from this mornings heard on the street col. Sun Microsystems, which makes products for computer networks, fits in the camp, says Steve Milunovich, head of technology research at Merrill Lynch. "A couple of months ago, my trading desk called up and said it's starting to trade like an Internet stock, which was a good thing then," Mr. Milunovich says. Though he believes that "in general, the Internet is still a good thing" for companies, he reckons that the stock of Sun rose too high on its Internet connection. Since a peak of 72 1/2 in April, the stock has dropped as low as 49 3/16 before recovering to 62 11/16 Thursday on Nasdaq.