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


To: JDN who wrote (38732)12/8/2000 11:52:41 AM
From: QwikSand  Read Replies (4) | Respond to of 64865
 
Updated briefing.com:

11:28 ET Sun Microsystems (SUNW) 38 1/2 -4 5/16: --Update -- Merrill Lynch out in defense of stock following talk of accounting regularities, Merrill says that Sun CFO is one of the most conservative and Merrill has no reason to believe that there are any irregularities at the company. Another factor for the stock's weakness is a Sanford Bernstein note, which argues that part of the reason for Sun's focus on the low-end market opportunity is that it is losing ground to cheaper Intel-based systems.

It isn't very often that SUNW makes a big move in the opposite direction from the Naz. And all these "reasons"...accounting irregularities? "Losing ground" to cheaper intel systems, but it just hasn't shown up in any numbers yet? Mention in a prominent short-selling report? What a load of baloney.

--QS