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

To: QwikSand who wrote (23062)	11/16/1999 11:52:00 PM
From: C. Zuck	Read Replies (4) \| Respond to of 64865

Exit/Profit Taking Here's my quandary, which I would guess some of you share. I have a cost basis of 15.5, and SUNW has grown to occupy a disproportionate share of my portfolio. I'm thinking of taking some profits off the table. Here's my reasoning, pro and con. Pro: SUNW has come very far, very fast. It's at historically high multiples (P/E > 80, P/S = 8). There are certainly other stocks with more potential for appreciation. Con: Instant 20% hit in value (IRS). One could argue that SUNW deserves similar multiples to CSCO (P/E = 140, P/S = 21). The market for servers is in its infancy. Has anybody else answered this question for themselves? Care to share your reasoning?