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

To: Stormweaver who wrote (18368)	7/30/1999 6:05:00 PM
From: aha	Read Replies (3) \| Respond to of 64865

I've never been a short-term trader of SUNW. I've been buying the stock over the past 10 or eleven years and have been quite happy with the return. Hell the last few years I've been making more off SUNW stock than I make doing the 9-5 job. It's fun to watch people try to predict where the price will be next week: $55<-->$75? Too many variables and unknowns for me to even think about guessing. One thing I do know is that I don't plan to make any changes in my ownership of this company. I think Sun is just now beginning to be recognized as a world leader in ''internet technology''. We're just seeing the tip of the iceberg for new business for Sun. I was reading Internet World (July 15th, pg 39) at lunch today and came across a table that lists the number of Internet servers per 1000 citizens broken down by country for 1998 and what is expected in 2005. The growth is huge running 2-8 fold for every country listed. For example: USA 94 -> 232 Canada 50 -> 144 UK 29 -> 116 Germany 20 -> 74 Hong Kong 18 -> 61 Japan 15 -> 50 Italy 9 -> 46 The article does not say want kind of internet server will be sold. But what is interesting to note is the magnitude of the growth. Even if Sun never takes another dollar of sales away from any competitor they are still going to see a lot of growth in their revenue because of all the new hardware that is going to have to be bought over the next five years. There is a fundamental paradigm shift in the way people do business on this planet. I'm happy to say Sun's in the middle of it and will continue to be in the middle of it five years from now. SUNW at $75 next week - that's anyones guess. SUNW at $300 five years from now - you can bet on it.