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

To: High-Tech East who wrote (36075)	10/3/2000 4:51:20 PM
From: High-Tech East	Read Replies (4) \| Respond to of 64865

I don't know how many of you read Jim Cramer (from this site), but I recommend reading this ... thestreet.com Ken Wilson

To: High-Tech East who wrote (36075)	10/4/2000 1:00:09 PM
From: JC Jaros	Read Replies (1) \| Respond to of 64865

Here's the thing Ken... There is a growing trend of wealth going into equities. Money wants to go somewhere. These days, money wants to be in US equities (even when it's out). The high P/E thing stocks are simply the popular Janes. The equities with the greatest expectation of growth and security (plus a few other things). --- Because an equity has a high P/E thing doesn't make it Humpty Dumpty waiting to happen. In fact, the chairman of Boeing once remarked that he thought buying a stock when it's p/e was *high was a good investment strategy. --- You guys talk about p/e ratios as if there's some kinda investment theory behind it and there's not. None that I've read, anyway. So... WTF? Where's the evidence? What historical measure are you using to determine that "high p/e" stocks are bad to hold? -JCJ

To: High-Tech East who wrote (36075)	10/4/2000 6:21:43 PM
From: Sonki	Read Replies (1) \| Respond to of 64865

Ken, I udnerstand your views. Sunw is not the same company u bot in 1997. U know it and I know it. my pru brolker told me "Sunw was undervalued then cuz msft was going to put them out of bizness". I fired my Pru broker and took my acct to ML at that time. Besides pe, I look at many other numbers and if sunw can maintain this growth +/- then it's at a reasonable price. Obviously it's not cheap but cheap stks are cheap sometimes cuz they r a problem child. one of my fav cheap stk is plmd. pls. put that on ur watchlist.