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

To: fuzzymath who wrote (33825)	7/23/2000 10:33:28 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear Fuzzymath: Actually, that 500% might be a bit low!(gg) What happened IMHO was that SUNW sat at a very low PE for a long time, then one day, the market realized they WERE the DOT in dot com and repriced them to recognize their potential. So we had a very rapid runup over a couple of years. From here on out, I suspect the price increase in stock will be proportionate to their ability to increase earnings. I suspect their earnings increase will run in the neighborhood of 40% annually going forward so I personally would not expect much more than that in share price increase, but hey, it beats CD rates!! What could knock that into a hat would be if they suddenly had a major surge in Storage or perhaps the UltraIII caused profits to substantially increase but I dont count on that. JDN