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

To: Prognosticator who wrote (29764)	3/31/2000 12:12:00 AM
From: JC Jaros	Read Replies (1) \| Respond to of 64865

If it weren't for portfilio managers, there'd be no CNBC. Then where would we be?? :) --- Hey Proggy! Boonville Beer Festival: May 6th, Mendo fairgrounds. Say Ahh to 'awesome' <g>. Goto avbc.com for details. Consider a campspot at Hendy Woods. Sugar Magnolia and I will be there. --- Wine tasting from 10pm-2pm. Beer Festival from 2pm to 6pm. Campfire in the redwoods 7pm ish to ?pm after teaching the town of Philo the game of 8-Ball back at the brewery. --- TELL me you have something better going that day. I didn't think so. See you there? :) -JCJ

To: Prognosticator who wrote (29764)	3/31/2000 1:33:00 AM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

Prognosticator, You are being naive if you start believing companies (however great they are - SUN CSCO, etc), can justify trading at 100+ PE when their growth rate is 30-40%. The main reason the PEs of firms such as SUN, CSCO, INTC, TXN, AMAT, NOK has expanded to such levels is that relative to the absurd valuations of the DOT coms and B2B names, they seem like a bargain - and a relatively cheaper / safer way to benefit from the new economy. If some sanity were to return to the valuation of the dot coms, then on a relative basis it is logical that the SUNs and CSCO come down too. After all what would you ather have, SUN trading at a PE of 40 with $1-2 fluctuation or at the current levels in a 10-20 point trading range. I would take the latter any day, and manage the volatility of th ortfoli down with options. Regards Alok