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

To: QwikSand who wrote (33930)	7/25/2000 5:17:52 PM
From: Lynn	Read Replies (1) \| Respond to of 64865

... or is sitting in first class on a flight to Japan for a few days of pampering at a gisha house, a small present from his wife after his recent, brilliant, purchase of shares. unsigned

To: QwikSand who wrote (33930)	7/26/2000 6:02:19 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear QS: Yes, they have Ferrari's in Texas but they are shaped like pickup trucks!! Found this in my email this morning, read it for what its worth. JDN SUNW - Sun Microsystems Inc. $109.00 +8.56 s/l $97.75 Sector - Computer Hardware Since its inception in 1982, a singular vision -- The Network Is The Computer has propelled Sun Microsystems, Inc., to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to dot-com their businesses. With $15.7 billion in annual revenues, Sun can be found in more than 170 countries. To say it’s been an interesting or unusual earnings season could be the understatement of the month. We've seen little in the way of solid earnings runs, and obviously not the profit taking that normally follows. What's up one day, is down the next, as investors are continuing to look for something, heck anything, they can sink their teeth into. Our new play in SUNW very well could be one that will fit the bill. Last Thursday as the NASDAQ and many of the tech issues made a feeble attempt to move higher, SUNW started a nice run of its own in anticipation of reporting better than expected earnings. After the close of business the computer hardware company did not disappoint. SUNW reported EPS of 39 cents, 6 cents ahead of analyst’s estimates and 63% better than the same period a year earlier. On Friday Wall Street responded with investors jumping head first into Sun with 40.2 million shares changing hands as it surged 6% to $104, approaching its old high of $106.75. On Monday investors took some money off the table but returned today to push the company to a new 52-week high at $109.69. Closing near the high of the day, with better than average participation would suggest that this could be the start of the next leg up for Sun Microsystems. Analysts at Credit Suisse First Boston and Merrill Lynch came out before the open today and could very well have initiated the momentum with both firms reiterating Buy ratings on the company. Analysts at Merrill placed a price target of $125, while the folks at CSFB were a bit more generous with a 12-month price target of $150.00. If buyers continue to come to the party, we would consider entering this new play. If the bears resurface for a day or two, support is found near $106 and the $100 area, with the 5-dma at $101.09. Average Daily Volume = 14.8 mln 52-week: High = $ Low = $13.56 Next Earnings 10-19 est = 0.24 versus = 0.17 Chart= stockbottom.com