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

To: Lynn who wrote (30463)	4/11/2000 10:30:00 AM
From: High-Tech East	Read Replies (1) \| Respond to of 64865

Technically, it looks like SUNW has some support around 87, where it is now trading ... ... if it breaks through that, the next area of support looks like 75 ... Anyone have any thoughts on this? Ken Wilson

To: Lynn who wrote (30463)	4/11/2000 10:48:00 AM
From: techtonicbull	Respond to of 64865

Lynn: Whisper numbers have grown in direct proportion to PE ratios. As a company's stock price swells to multiples of earnings that exceeds 100X, there needs to be higher earnings acceleration to support such PE's. A company is held to a higher standard if the PE's have been high, thus the "whisper number" which are expectation wishes. I believe in the efficient market theory which states that stock prices are determined by fundamentals in the end, i.e. what are the real earnings, not what upside surprise are we going to get. The most important factor is after the numbers are released, what is the company's "guidance" for the future? Lynn, I think that Millunovich is very sharp too.