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


To: Steve Lee who wrote (26911)1/28/2000 7:25:00 PM
From: JC Jaros  Read Replies (1) | Respond to of 64865
 
Keeping up the 20 something percent growth rate may be difficult, and even if it is achieved, that doesn't warrant a PE of 100. Somebody asked what a p/e was and I take the point that there are some ridiculous PE's out there but that is where the stock is expected, in the future, to justify that valuation through immense growth.

If Intel had 25 trending toward 30%+ earnings growth rate with quarter after quarter, year after year of uninterupted execution, and the #1 server position in the market, would you thing *it's P/E were too high?

Why pick on SUNW? SUNW has earned the price it's trading at. Sun doesn't exactly run on vapor and promises. SUNW has been delivering contiguous *results and is looking for a 'breakaway year' (their words). We've seen a lot of shorts come and go on this thread (and none of them happy). There may be better ways for you to make money with SUNW (IMO).
Remember that SUNW has demonstrated the ability to hit the warp drive in past years and blow through hypergrowth. One shouldn't *expect that that will happen of course, but it's probably not wise to bet against that happening.

-JCJ

Edit: Can you provide a link to MAJC using Rambus??