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


To: High-Tech East who wrote (39159)12/13/2000 4:50:30 PM
From: techtonicbull  Respond to of 64865
 
Even JC Jaros hasn't posted. He must have sold out his entire SUNW position!



To: High-Tech East who wrote (39159)12/13/2000 4:51:29 PM
From: Larry S.  Respond to of 64865
 
Hi Tech, I think you were very prescient earlier this year, i think you are over bearish now. The market looks ahead 6-12 months and likely has discounted most of the recession that is looming. Then again, you could be right. larry



To: High-Tech East who wrote (39159)12/13/2000 5:00:38 PM
From: QwikSand  Read Replies (1) | Respond to of 64865
 
One thought I had that any accountants or tax planning attorneys might want to comment on: this is a good time to gift to your heirs or to charities some of the shares of SUNW that you may be holding for the long term.

The bears can swagger as much as they want, but Sun is a good long-term investment. Right this minute, after a split and a precipitous drop, you can give 300 or so equivalent SUNW shares via the $10,000 annual exclusion (i.e. the amount that you can give without incurring gift taxes or using up any of your 650k lifetime estate tax Applicable Exclusion Amount.) A few years from now, that 300 shares is probably going to look quite a bit better than $10,000 in cash given today sitting in a fund or a CD.

I know I'm doing it for my kids plus a charity. Just a thought, comments welcome.

--QS



To: High-Tech East who wrote (39159)12/13/2000 5:39:59 PM
From: Charles Tutt  Read Replies (4) | Respond to of 64865
 
I suppose we could be getting a preview of the market under Dubya. I hope not, though. I remain cautious (at least for me, which means that the small amount of debt I have is more than offset by cash).

My wife is pretty upset.

JMHO, of course.

Charles Tutt (TM)