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

To: Bob Kim who wrote (34413)	8/15/2000 4:56:55 PM
From: Lynn	Respond to of 64865

STOCKS IN NEWS,SUN MICROSYSTEMS *** 8/15/00 2:25 pm... STILL BUY SUN MICROSYSTEMS (SUNW 117***)... Co. tells S&P Q1 on track... seeing strong growth across geographies, product lines, and is currently exceeding co.'s original expectations... notes particular strength in workgroup servers, midrange servers, E10000, storage and Netra line.. also stated that new UltraSparc 3 line on track... While notes component shortages limiting co.'s ability to work off backlog, but believes securing enough components to meet demand... While keeping our Q1 FY 01 (Jun.) est. at $0.26, full year at $1.35, may prove light given strong, broad-based demand. /M.Graham Hackett -0- SUNW $ (01c5) 08-15-00 14:25 Aug-15-2000 17:37 GMT Symbols: US;SUNW XE;SUNW Source SPM S & P Market Scope Alert Categories: SP/INV SP/SN SP/PG04 SP/STK ragingbull.altavista.com Lynn P.S. $141, Bob? Sounds good to me! We'll see tomorrow if you nailed the new target.

To: Bob Kim who wrote (34413)	8/16/2000 7:58:05 AM
From: Lynn	Read Replies (4) \| Respond to of 64865

Dear Bob: ML's new research report has a 12 month price objective of 140. You are only $1. off--not bad! "Sun Microsystems" Reason for Report: Mid-Quarter Update Steven Milunovich, CFA, First Vice President, and Alex Sheynkman, Vice President Price: $114 1/16 12 Month Price Objective: $140 Estimates (Jun) 2000A 2001E 2002E EPS: $1.02 $1.30 $1.57 P/E: 111.8x 87.7x 72.7x EPS Change (YoY): 27.5% 20.8% Investment Highlights: We are increasing our price objective to $140 per share for a PEG ratio about 3X on near-term growth. The stock should outperform with growth accelerating. We think the Internet infrastructure build out could be greater and last longer (5-10 years?) than generally expected. Fundamental Highlights: Sun said F1Q demand very good and ahead of the company’s expectations. There may be upside to our revenue growth of 40% and $0.24 earnings estimates per share. Sun is enjoying robust demand across all product lines and geographies with a particular strength in workgroup, midrange, Netra and E10000 servers. The company acknowledged some shortages of HDDs, specific ASICs, and memory but expects to secure enough components to satisfy demand. It sounds like the backlog will decline little if at all. Sun expects to announce UltraSPARC III powered workstations this quarter. Lynn