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

To: QwikSand who wrote (26482)	1/20/2000 1:20:00 PM
From: Tecinvestor	Respond to of 64865

Q, I wouldn't mind seeing a blow out earnings announcement after a down day. That certainly would get everyone's attention. We'll have a captive audience. Here's to good luck -- and good earnings. Tec.

To: QwikSand who wrote (26482)	1/20/2000 1:23:00 PM
From: QwikSand	Respond to of 64865

The earth turned upside down: 09:05 ET IBM (IBM) 119 1/2: --Update-- Robertson Stephens analyst Dan Niles upgrades PC maker from "long-term attractive" to "buy" saying worst is behind them; revenues were slightly light, but margins were better than expected; revenue expectations have been reset to achievable levels; price target is $150. Unforunately this is the same dude who upgraded SUNW this week. Note how Briefing refers to IBM as a "PC maker". Can somebody explain to me how this makes any sense? Decreasing revenues in hardware, decreasing market share, but "the worst is over" and the stock goes up? I'm not an "old-era" adherent, exactly, but I do believe that you upgrade stocks when they show positive growth, not negative growth. And perhaps worst of all, they blame it on the same "Y2K Lockdown" that's going to produce the best quarter in Sun's history? Let's go back to the Big Bang and start over. Maybe with 11 dimensions instead of 10. --QS