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

To: craig crawford who wrote (40657)	1/19/2001 6:32:09 PM
From: DiViT	Read Replies (1) \| Respond to of 64865

Craig, CBS Marketwatch is quoting you.... Blinded by Sun Microsystems Despite earnings weakness, longs pledge devotion By Shawn Langlois, CBS.MarketWatch.com Last Update: 2:50 PM ET Jan 19, 2001 SAN FRANCISCO (CBS.MW) -- Seems like just yesterday that Sun Microsystems was one of the lone shining stars in the Nasdaq's imploding universe. Initially, when the tech sector's blood hit the Street last year, Sun held a strong but tenuous grip on the gaudy gains it had earned during the erstwhile, rip-snorting bull market. But, eventually, Sun Microsystems couldn't avoid falling prey to the vicious selling that inflicted grievous financial wounds to nearly every investor in sight. And after Thursday's less-than-bullish earnings report and a slew of analyst downgrades, shares of Sun Microsystems slipped even further -- trading down 12 percent. See full story. However, a fiscal wet blanket didn't put out the bull fire still burning on the message boards. Sun will continue to prove itself to be the cream of the technology crop, according to CraigC on Silicon Investor: "Every single one of these companies (Dell, Hewlett-Packard, Compaq, Intel, Microsoft) has warned and has had to have their estimates slashed. Now, look at SUNW. They have proven time and time again that they simply execute. Somehow, some way they make the numbers even though expectations are high. Message 15209595 "Their guidance is spot on and analysts can trust them. If they grow 30-35 percent like they have forecast -- that'll be 2 1/2 - 3 times the growth of some of those companies. "Furthermore, the market over the last couple of weeks has been saying that Greenspan is on the case and growth is going to pick up again in the second half. SUNW (SUNW: news, msgs) was talking fairly conservative for their forecasts going forward, so there is a possible upside to those numbers." While many Sun bulls stampeded with blinders on, Pmcw offered up a positive, yet unbiased, breakdown of the company going forward: "I am concerned about what I feel is a temporary execution problem and a bit too much of basking in the glory of yesterday. SUNW's management his huge challenges ahead. SUNW is a significantly larger company today than it was even only a year ago. It's more complex to manage and much more complex to grow at the rates we've enjoyed in the past. "This is not a time for executive posturing; it is a time for SUNW management to remember how they got this far and to apply the same principles to move forward. Maybe it's time for Scott (McNealy) to set aside the pride of a low handicap on the links and, rather than drive golf balls, focus on driving timely product introductions and killer market shares. Don't tell me you're great - BE GREAT!" And over in the CBS.MarketWatch.com Community, Franky8 maintained his bullish stance ... with just a touch of skepticism: "This may sound desperate, but today's selling is a healthy step for Sun. McNealy has done his best to keep the stock in check, and now, thanks to those analyst, we've created a base from which we can move forward. "We couldn't possibly have thought Sun would keep chugging along oblivious to the hurting state of the tech world surrounding it. Expectations have been tempered and Sun will get back to impressing the Street and investors -- although it may take a few quarters. But I'll wait, as should you." Hard to argue ... these are the same folks who've been dancing a cyber-jig throughout the last four stock splits. Who's to say that they won't stick around posting the same kind of effusive enthusiasm until the next split hits www2.marketwatch.com