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

To: Charles Tutt who wrote (26539)	1/20/2000 6:52:00 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

My humble opinion: I think they played it perfectly, predictably, just the way the pro's want to see it. The local turbulence, the after-hours selloff, the options expiration, the Cramer columns, the CNBC squawking, is all nothing. The main messages were loud and clear. Growth is high and accelerating in a controlled way (bye 25%, hello 30%). Progress against competition is continuing. HP and IBM look more and more like dervishes spinning themselves into their separate holes. New products coming. We dip tomorrow? So what, let the traders do their St. Vitas' dance. The trend is still up. I'd like to see the bond go up a little is all. Also, I'm starting to think more and more that half of my current position in M$FT would be plenty. --QS

To: Charles Tutt who wrote (26539)	1/20/2000 7:03:00 PM
From: cfimx	Read Replies (4) \| Respond to of 64865

i have an elaborate financial model that slices and dices suncoms quarterly results. what should concern you is there is no LEVERAGE to the model anymore. for example, last year they had 13.9% ebit margins, this year? 14%, despite 27% higher sales growth. btw, again the PRODUCT sales growth was lower than services, 25.7% to be exact. What else. Not much other than it was a good solid quarter for suncom driven largely by the excesses in the .com world. operating earnings per employee only rose 9% which is way down. here's another interesting tidbit that only sharpies will notice: year over year growth in operating earnings is DECELERATING. For example the last two quarters, the figure was 35.4% and 36.4% respectively. this quarter it was 28.4%. Still good but if you're PE is 80, you want that moving UP. <g> inventory was up 38% SEQUENTIALLY which is alot. mostly in raw materials. also OTHER ASSETS (whatever THAT is) DOUBLED to $1.5 billion. this might be goodwill from an acquisition. let's see where the market takes this p/e. <g>