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

To: Steve Lee who wrote (41545)	2/22/2001 8:15:06 PM
From: QwikSand	Respond to of 64865

Baloney, Steve. There was an internet craze/technology bubble coinciding with the Fed increasing liquidity because of a Y2K "problem" that didn't really exist. That meant that internet stocks became overvalued because of liquidity while demand, production capacity and earnings got pumped up because of the craze (BOTH by VC-financed bubble companies and "real" companies kitting up). Excess valuation and inventory came into being. The perma-bulls were mistaken to think that the bubble constituted a permanent state of hypergrowth and stellar valuations. The perma-bears are now mistaken to think that the resulting inventory correction constitutes a permanent state of abnormally low growth and/or collapse. The Microsoft people are mistaken to compare Sun with a company that had to commit crimes to get where it is. I admit I'm surprised that Sun's correction is as brutal as it is, but what do I know? No more than you. Sun is one of the companies that will emerge from the mess in the best shape. --QS

To: Steve Lee who wrote (41545)	2/22/2001 9:01:09 PM
From: techtonicbull	Read Replies (1) \| Respond to of 64865

You are extrapolating the lowest and worst quarter estimate for a year. That is highly unlikely. Especially if the economy perks up and interest rates make IT managers do CapX in computer systems again.