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

To: cheryl williamson who wrote (40619)	1/19/2001 2:26:12 PM
From: Bob Kim	Read Replies (1) \| Respond to of 64865

Now they are "worried" that Sun could become the next Dell???? Hahahahahahahahahahahahahahah!!!!! I guess Kraemer's giving a strong endorsement to ML's Buy rating on Dell.

To: cheryl williamson who wrote (40619)	1/19/2001 2:45:48 PM
From: QwikSand	Read Replies (2) \| Respond to of 64865

My advice is this: take advantage of the stock at this great discounted rate, you'll never see it again. Sun is on their way to $450-500billion cap and nobody is in the way to prevent it from happening, not even IBM. Cheryl, I'm sorry to say I disagree. I think this great discounted rate will be quite visible for a while, because Sunw is now IMHO dead money for at least the next six months and probably the next nine, until they come out with an earnings report that shows a major impact from new-product revenue. Sure they're growing, but in this market it doesn't matter. They did what they needed not to do: they finally came up with an INTC/HWP-style earnings report that fell short of the herd's expectations and substituted tap-dancing and bravado for NEW PRODUCT SHIPMENT NUMBERS. I've been saying this for a year. I've been getting told for a year by the rigid optimists that everything is ok and on schedule. It's not, and it's not, otherwise we would not have seen a CC where raised voices substituted for raised numbers. The numbers yesterday weren't awesome, they were nothing special for Sun. Good enough isn't good enough for Sun. Microsoft has gotten into the position where good enough is good enough...that's why twister gets to gloat today. Sun hasn't, and I don't want it to. I know it's difficult to accept what appears to be an irrational market context, but who ever said anything about rational except Dale J.? In this case, I believe that SUNW and its management fully deserve what the market is doing to them, and will continue to do to them until they get their act together. You want a $500B cap? Tell them to ship some big USIII servers. They should already have been out long ago. --QS

To: cheryl williamson who wrote (40619)	1/19/2001 6:06:26 PM
From: craig crawford	Respond to of 64865

>> We've gone through this b.s. before in 1998. These analysts are completely full of sh*. << Actually the number cuts on SUNW don't bother me. It's the comments about Sun becoming the next Dell and comments about how Sun's growth days are over etc. etc. I am a little surprised that the street took the lower guidance so hard. After all, many of these analysts have been saying in the last couple of weeks that SUNW is going to have to lower it's growth rate. Same thing with Cisco, which has tough comparisons ahead like Sun. Cisco and Sun numbers have to be guided down, but I thought everyone knew it and it was already priced in. I expected analysts to trim a few pennies off the estimates but then say with SUNW down 50% and with the better outlook for the second half etc, the 30-35% growth is still worth paying a premium for considering the alternatives in techland out there. The way I see it, you can pay 30 times for MSFT now and get 10-15% growth, or you can pay a little more for SUNW and get 30-35% growth. The only other alternative is to buy tech that appears* to be insulated from the slowdown like EMC, BRCD, JDSU, CIEN etc, but you will have to pay 70-150 times earnings for that. No thanks. >> My advice is this: take advantage of the stock at this great discounted rate, you'll never see it again << Well I bought today at 34 (ouch), 33 1/2 (yikes) 32 1/2, 31 1/2 and 30 1/2. So I have a full plate of SUNW now, but that's my only position. I cashed out of the last of my other positions this a.m. I am bullish on SUNW's prospects for the future as long as the economy does well, but it's quite apparent after today that SUNW has some serious base building to do. Obviously the range of 33-40 was too optimistic and Perhaps SUNW will trade in the high 20's to 35 range for a while. It would be nice to see it stay above 30.