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

To: cfimx who wrote (23713)	12/1/1999 2:53:00 PM
From: The Ox	Read Replies (1) \| Respond to of 64865

You can use the word rational all you want but the market has been more rational when it comes to SUNW then many other companies. Back in 1996, when SUNW was trading at a P/E below their growth rate, there were those of us who could see the horizon and the possibilities. Those of us who saw that SUNW was a bargain and purchased it have been well rewarded. I won't attempt to justify today's P/E as I agree it is excessive when viewed in the traditional formula (compared to today's growth rate). twister, the way I see it, back then you were quick to justify MSFT's P/E, which BTW was higher then their actual growth rate. Now today we find SUNW in a similar position. SUNW has gained market share, mindshare, dot com share, and other 'shares'. Therefore, they have now been put in the category of the MSFT's of this world where there is much more to the big picture then simply the company's growth rate. JAVA, JINI, Solaris, and their high end servers are only part of the story that the investment community have bought into.

To: cfimx who wrote (23713)	12/1/1999 2:56:00 PM
From: chunmun	Respond to of 64865

SUNW is down a whopping 9 bucks from the high, big deal! It can go down 20 bucks more and I wouldnt care, why is everyone so nervous about the stock now? Its a typical reaction that after a stock runs up about 35 percent in a month, its due for a correction.

To: cfimx who wrote (23713)	12/1/1999 3:05:00 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

Since 1996, it hasn't paid to be a thinking rational investor. I have to take issue with half of this statement. No problem with the "thinking" part, since nobody would argue that most investors or most people bother to think very often. The "rational" part is different. It seems to me like an arbitrary statement, where "rational" is a synonym for "one who agrees with me about how order should be maintained in markets". The implication is that some logical set of rules can be applied to a set of data, and will yield a result that should predict what markets do. But there is no such result. If it were like that, Warren Buffett would be a computer. When millions predict, you get this curve where some are right and some are wrong, some make money and some don't. All you can do is make a bet whose odds are calculated differently by different people. To me it's like playing poker: some people understand the game better, know the odds, etc., but success is mostly determined by guile or people-reading or luck or some other inherently irrational quality. Might makes right in relationships among human entities, and money makes right in markets. There's no "rational", IMHO. An irrational statement<g>? Regards, --QS

To: cfimx who wrote (23713)	12/1/1999 9:14:00 PM
From: trouthead	Read Replies (1) \| Respond to of 64865

twister, I understand your reaction to many of the posters here, but what do you actually think of SUNW? I work in the industry and purchased them a year ago because I wanted to own a infrastructure/server related company due to the growth in the internet. I also purchased CSCO. I plan to hold SUNW for a long time. I realize that they will have challenges to overcome. Competition from IBM, HWP and CPQ (some may sneer at CPQ, but I believe their non-stop servers will do quite well over the next few years) as well as the in roads that will be made by NT (I can hear more scoffing). Tell me, in your opinion, what is right with SUNW? Thanks, jb PS I am looking at making a fibre play with JDSU. Anyone familiar with that company? jb