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

To: Steve Lee who wrote (27384)	2/8/2000 11:34:00 AM
From: briank	Respond to of 64865

Oh Steve, Please do Short and be sure to let us all know when monumentus moment arrives.

To: Steve Lee who wrote (27384)	2/8/2000 11:39:00 AM
From: Charles Tutt	Read Replies (1) \| Respond to of 64865

Tomorrow? Why wait? Do you think it'll be higher tomorrow? (I can live with that -- one day at a time you know.)

To: Steve Lee who wrote (27384)	2/8/2000 11:45:00 AM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

It is not clear to me how one can confidently talk about shorting in the current environment. Being overvalued (by historical measures) has definitely not been a good shorting strategy. Now if somebody knew something about pushing accounting limits (or something caught their eye in the financial statements) - like the one reported about Healtheon yesterday in the WSJ, I can understand as a rationale for shorting. If you feel confident about shorting SUN - why not short CSCO, EMC, SEBL, etc(its a serious question), all of which have seen their multiples expand 3-4 fold without the same leevl of acceleration in earnings. Regards Alok

To: Steve Lee who wrote (27384)	2/8/2000 12:07:00 PM
From: rudedog	Respond to of 64865

Steve - There was probably some effect - older systems which had Y2K problems - but for the most part that issue was well addressed years before the event. I don't follow the VAX market real closely any more but according to "Shannon Knows Compaq" (formerly Shannon Knows DEC) there was no increase in the attrition rate among VAX users in 2nd half '99, so if there were changes, they probably happened over several years. That makes sense - the spin cycle on that class of application is 18 to 24 months...