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

To: Mephisto who wrote (29130)	3/17/2000 2:43:00 PM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

cannot imagine why a journalist would write that SUNW, EMC, CSCO and ORCL are a sucker's bet unless the journalist is ignorant about these companies ... another opinion about the Wall Street Journal from a successful businessman who owns his own investment firm: he told me recently that you'll never make any money if you read the WSJ. ... speaking of being defensive, Mephisto ... I've been here for three years, and your posts are usually well articulated and thought out ... (1) Anyone owning a high P/E stock has good reason to be cautious ... and cautious all the time ... my opinion ... I am not saying that neither you or I should not own such, but the reality is ... if they slip at all, they will surely get slashed. (2) In terms of the Wall Street Journal (and its sister publication, Barron's) they are excellent business newspapers for news. But beware their editorial pages and columns. Their editorial views are to the right of Atilla-the-Hun, and their guest columnists include all kinds of folk including Bill Gates, Scott McNealy etc. (including the author of the article you were addressing who I think is from the University of Pennsylvania). Readers have to be careful in this regard ... but for business news, there is no better business publication in the U.S. or perhaps the world than the WSJ ... my opinion ... TA types prefer Investor's Business Daily (which is also excellent), but for fundamentals, it is hard to beat the journal. Ken Wilson

To: Mephisto who wrote (29130)	3/17/2000 7:05:00 PM
From: fuzzymath	Respond to of 64865

Well, I read the Wall Street Journal and I make money -- but I have my own methods. Consider that the article I referred to was on the Editorials/Opinion page, and they have had articles supporting the opposing view as well. Indeed, every newspaper has its own central viewpoint. In fact, one thing I love is the debates the WSJ has with my other favorite magazine/newspaper, The Economist. The article didn't say the companies aren't great companies. It just said the stock valuations take into account all the growth that is currently predicted for the next 5-10 years, and possibly more. The historical reference is the "Nifty 50" in the 1960s, growth companies whose stocks roared to "outrageous" heights in a very narrow rally. Well, the companies indeed did meet the growth projections by and large -- but their stocks basically consolidated for half a decade as that happened. So, the point is: the stocks of today's super companies could plateau and consolidate for 5+ years even as their revenues continue to surge, which our friendly conservative pension fund managers and other "value" investors turn their attention to the neglected stocks of big old companies that use the products of SUNW, EMC, CSCO, and ORCL. It was that one writer's opinion, and since SUNW and many of the other favorites of people here were mentioned, I thought it pertinent to mention it. As for the WSJ's bias -- they do print a variety of opinions, I think. I love reading the analyst comments in the Wall Street Journal. They all contradict one another, it's really quite humorous to read sometimes. Now, what does that mean: "Now I know who you are"? Kevin