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

To: hoyasaxa who wrote (23651)	11/30/1999 3:37:00 PM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear hoyasaxa: Dont know if I qualify as a loud bull, but I have no intention of selling my SUNW stock in the foreseeable future. A year ago no one would have predicted TWO stock splits. Who knows what the future holds? But I feel strongly whatever it is Scotty will be up to getting the shareholder value to continue to increase. JDN

To: hoyasaxa who wrote (23651)	11/30/1999 4:02:00 PM
From: JC Jaros	Read Replies (1) \| Respond to of 64865

-- but when would one of the many loud bulls here pull the trigger? Ever? In other words, would you recomend buying Sun now -- at this price, at these multiples (to earnings, sales, cashflow, etc..)? Charles can't answer this because he wouldn't be able to get it past 'Legal' at Charles Tutt Corporate. Here's how it works: When Charles Tutt posts that he bought SUNW (as he did today), that's generally a good indication that you wouldn't be able to pick a better buy point. In other words, if you cost average into SUNW with Charles Tutt on the SI SUNW thread, chances are you'll end up with the lowest cost basis possible. That's all I know about SUNW valuation. :) JMO -JCJ

To: hoyasaxa who wrote (23651)	11/30/1999 4:13:00 PM
From: Lynn	Respond to of 64865

I am a long term shareholder, hoyasaxa, and it is just not worth it for me to sell any shares. For me to sell now to lock in some gains, SUNW would REALLY have to fall to make it worth my while since I would want to buy back in. If you, too, are thinking of selling with the intent of buying back at a low price, consider this: You want to sell 100 shares at a limit price of $130. These shares were purchased over a year ago at, say, 40. Due to the split, your cost basis is now $20. $13,000 received for sale of 100 shares $11,000 = capital gain Federal tax: $2,200 My state tax: $616 Total remaining after taxes: $10,184 $101 5/8 =Price SUNW must drop down to just to buy the same 100 shares There are people on this thread, myself included, whose cost basis is w-a-y lower than $20. This means our tax liability would be greater than in my example and that SUNW would have to drop even lower than 101 5/8 to just come out even. I would only recommend long termers sell some of their shares now if they want the money to invest in something totally new or have the money earmarked for some big expense (e.g. house, tuition) and are nervous. Lynn