Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: QwikSand who wrote (17767)	7/12/1999 1:02:00 PM
From: Mephisto	Respond to of 64865

["OH YEAH, BABY, YEAH!!!!"] So far, it's a good day for SUN...............SUN is hot! Cheers, Mephisto :D

To: QwikSand who wrote (17767)	7/12/1999 6:57:00 PM
From: Rusty Johnson	Read Replies (2) \| Respond to of 64865

Briefing.com on your favorite SUNW ... Another company exhibiting much improved technicals is Sun Microsystems (SUNW 75 3/16 +2 1/4)... After consolidating for several months, stock broke to new high ground on Friday and followed it up with another strong session Monday... Briefing.com's 3- to 6-mo target is 90 ... Sun Microsystems (SUNW... 75 3/16) Brief: Sun Microsystems supplies enterprise network computing products including desktop systems, servers, storage subsystems, network switches, software, microprocessors and a full range of services and support... YTD stock is up 75.6%. Trading Points SUNW reached a new all-time high yesterday, breaking out of a 3 1/2 month trading range on strong volume of 13.7 mln shares-- more than 2x its 10-day average and 46% greater than its 3-month average of 9.4 mln. Catalyst for yesterday's breakout was a "strong buy" reiteration at Morgan Stanley Dean Witter, yet bullish earnings expectations have been a driving force behind the stock's recent run as well. Company is scheduled to report its fiscal Q4 results after the close on Thursday, July 22... Consensus expectations are for a profit of $0.46 per share which compares to $0.37 per share in the yr-ago period (adjusted for a 2-for-1 stock split on 04/09/99). SUNW typically meets expectations, or exceeds by a penny... Briefing.com expects this trend to remain intact, but recognizes the potential for an upside surprise given that demand for network hardware remains strong as companies continue to increase their Internet operations, and work toward offering a reliable service that can handle growing Internet traffic. That said, SUNW runs the risk of a sell-on-the-fact reaction that has afflicted other bellwether issues as lofty earnings expectations are being priced in... Key for SUNW will be top-line growth and forward-looking comments as there are underlying concerns surrounding a slowdown in spending in the second half of the year due to Y2K. Trading at nearly 54x est. FY99 earnings, certainly no room for error in Sun's report or its outlook... Current recommendations include 9 "Strong Buys," 9 "Moderate Buys," and 4 "Holds," leaving plenty of room for downgrades. Barring any negative guidance, though, Sun's leadership position in a burgeoning market, its diverse product line, and capable management team make dips in the stock an enticing buying opportunity.. Briefing.com's 3-6 month price target is $90... Initial support levels are 70 and 65 respectively.