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

To: The Ox who wrote (39057)	12/12/2000 2:23:52 PM
From: Bob Kim	Respond to of 64865

Hey Michael, The guy running the Techfolio is trying to behave like a portfolio manager. The guy actually responsible for SUNW research is probably trying to maintain the status quo. BTW a year ago, ML's 12 month price target for SUNW was $47.50. They've changed it at least 9 times since then.

To: The Ox who wrote (39057)	12/12/2000 3:23:37 PM
From: cfimx	Read Replies (2) \| Respond to of 64865

i followed everything u said except for this p/e thingy. what does THAT have to do with investing?

To: The Ox who wrote (39057)	12/12/2000 4:35:12 PM
From: JDN	Read Replies (2) \| Respond to of 64865

Dear Michael: Here is the likely reason for the softness today particularly in EMC. I thought considering the volume and this PR I am about to post SUNW held up well. I notice the TRAILING PE is in the 54 range now. With even 30-40% growth this year seems to me the current PE is in the ballpark for reasonableness. JDN IBM Chief Sees Trouble for Sun, EMC, Microsoft Models New York, Dec. 12 (Bloomberg) -- Sun Microsystems Inc., Microsoft Corp. and EMC Corp. sell proprietary computing systems that can't survive in a world of billions of connected devices, International Business Machines Corp. Chairman Louis Gerstner said. In a speech delivered at the eBusiness Conference and Expo in New York, Gerstner said these technology giants -- all IBM competitors -- are facing an ``inexorable'' move to open-computing standards driven by the Internet. His main point was that their market leadership has been built on closed systems, and the marketplace now demands easy connectivity. The world's largest computer maker is convinced, Gerstner said, that the rapid growth of small computing devices of all varieties, and all connected by the Web, will favor standards allowing every device to talk to every other device. So, he said, IBM will invest nearly $1 billion next year to develop the freely available Linux computer operating system. ``The movement to standards-based computing is so inexorable, that I believe Sun -- and for that matter EMC and Microsoft -- are running the last big proprietary plays we'll see in this industry for a long time to come,'' Gerstner said. Gerstner has been IBM chairman since 1993 and is widely credited with a major corporate turnaround that returned the company to profitability and modernized its management. In recent quarters, however, analysts have expressed concern that IBM has not boosted revenue or maintained market share