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


To: Charles Tutt who wrote (40606)1/19/2001 11:13:14 AM
From: michael97123  Read Replies (1) | Respond to of 64865
 
Nice blow by blow. I guess we are both not listening to the analysts. As far as I am concerned the best thing they do at times likes this is to solidify the bottom and give folks another chance to get in. Good luck.



To: Charles Tutt who wrote (40606)1/19/2001 11:42:21 AM
From: Charles Tutt  Read Replies (2) | Respond to of 64865
 
Push harder, bears. You kissed my price, but I didn't get filled.

Thanks in advance.

Charles Tutt (TM)



To: Charles Tutt who wrote (40606)1/19/2001 1:21:50 PM
From: DiViT  Read Replies (2) | Respond to of 64865
 
Analyst Actions: Sun Microsystems, Dell, eBay, Biomet
By TSC Staff

1/19/01 9:36 AM ET

Following the sun, analysts this morning have trimmed earnings estimates for Unix server maker Sun Microsystems (SUNW:Nasdaq - news), which fell short of revenue expectations when reporting earnings last night. However, SG Cowen went a step further, downgrading the stock to neutral from buy.

Lehman Brothers trimmed 2001 estimates to 67 cents a share from 72 cents a share, and dropped 2002 estimates to 84 cents a share from 88 cents a share. Merrill Lynch cut fiscal 2001 EPS estimates to 68 cents from 71 cents, expressing caution about the company.

"The economic slowdown reduces visibility and raises the risk that Sun could be the next Dell," wrote Merrill analyst Tom Kraemer this morning. "We continue to believe Sun is the best positioned server company and that it should continue to gain share. The question is the rate of share gains and continued economic deterioration may mean additional downward revisions."

Credit Suisse First Boston upgraded Dell (DELL:Nasdaq - news) this morning to buy from hold. Of the PC maker, CSFB said, "While economic uncertainties could still pressure Dell's near-term earnings performance, secular industry trends now favor Dell's business model, increasing our confidence in Dell's ability to hit numbers."

thestreet.com

Ironic isn't it?
JMHO