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

To: cfimx who wrote (38367)	11/29/2000 2:38:23 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

u will also soon discver what a p/e ratio is. too late I might add. Not so. No one will get to gloat over my cardboard box residence no matter what happens. I took a little profit in the 110's and 120's. I'm playing SUNW entirely with the house's money and I am not too worried about my bonds (even though the clown-killers think I should be). I'm no longer in a position to lose, only to come out with a little smaller win. --QS

To: cfimx who wrote (38367)	11/29/2000 2:53:19 PM
From: chic_hearne	Read Replies (2) \| Respond to of 64865

greenjeans isn't the grinch From "The Great Crash 1929" by Galbraith, a must read book IMHO. "A bubble can easily be punctured. But to incise it with a needle so that it subsides gradually is a task of no small delicacy. Among those who sensed what was happening in early 1929, there was some hope but no confidence that the boom could be made to subside. The real choice was between an immediate and deliberately engineered collapse and a more serious disaster later on. Someone would certainly be blamed for the ultimate collapse when it came. There was no question whatever as to who would be blamed should the boom be deliberately deflated. (For nearly a decade the Federal Reserve authorities had been denying their responsibility for the deflation of 1920-21.) The eventual disaster also had the inestimable advantage of allowing a few more days, weeks, or months of life. One may doubt if at any time in early 1929 the problem was ever framed in terms of quite such stark alternatives. But however disguised or evaded, these were the choices which haunted every serious conference on what to do about the market." "As already so often emphasized, the collapse in the stock market in the autumn of 1929 was impliccit in the speculation that went before. The only question concerning that speculation was how long it would last. Sometime, sooner or later, confidence in the short-run reality of increasing common stock values would weaken. When this happened, some people would sell, and this would destroy the reality of increasing values. Holding for an increase would now become meaningless; the new reality would be falling prices. There would be a rush, pellmell, to unload. This was the way past speculative orgies had ended. It was the way the end came in 1929. It is the way speculation will end in the future."

To: cfimx who wrote (38367)	11/29/2000 3:22:39 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 64865

And yet you seem to like LVLT, whose PE appears to me to be infinite, since it has no earnings. Message 14845501 What an enigma you are, twister. Once and for all: Value line projects FY 2001 earnings of 1.30 per pre-split share (BTW, they projected the Sept. quarter at .24, and I think it actually came in at .30, so we're off to a good start; Value Line's projection is about a 27% YOY increase, but Sun has been pretty vocal that they'll be above that, too -- Sun's FY 2000 earnings growth rate was about 42%, again using Value Line's numbers. According to Value Line, Sun's earnings growth rate over the past 5 years has been 38.5%.). Even if Sun just makes the 1.30, at a price of 75 that's a PE of about 58. That makes its PEG (ever heard of that, twister?) between 1.38 and 2.15 (or perhaps lower if they exceed VL's estimates, as I suspect they might). I don't think that's out of line for a company of this stature, but you're free to disagree. Source: Oct. 20, 2000 Value Line (the most recent one). So, what don't I know about p/e ratio? JMHO, and not investment advice -- do your own research and form your own conclusions. Charles Tutt (TM)