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

To: JDN who wrote (36475)	10/13/2000 5:14:43 PM
From: Skeeter Bug	Respond to of 64865

>>We see a revolution in how people do business, communicate, save their data etc etc.<< i understand the view and benefit from the improvements much more than most. however, radio was a revolution, too. why did rca lose over 90% of its value? was radio bad? did it not improve lives? did it not connect folks together? it did all those things very well. however, stock prices got disconnected from reality. see my post just prior to this for why i believe the facts bear out that this market is fueled by fake productivity numbers, credit explosion and dissavings instead of a revolution. again, i'm speaking generally and not about sunw. if it is growing eps at 20% and trading at a 60 pe then i think it isd a joke. not b/c of past performance, but b/c growth rates are now slowing for most companies involved and competition is more fierce - therefore, 20% is likely to be a high number GOING FORWARD. maybe it has a 10 pe and is growing at 30% w/ sustainable business prospects. what a steal (though there is significant market risk)! good luck. ps - i knew ecommerce would fail big in the end (check my posts on amazon 3 years ago!) b/c consumer ignorance is the #1 profit generator (in general) and the net removes much of this factor. take this a step further, when the net companies consolidate as they must and the riff raff is shipped away for good... equipment might be plentiful for cheap. some food for thought.