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

To: Charles Tutt who wrote (42527)	3/29/2001 11:47:49 AM
From: JDN	Respond to of 64865

Dear Charles: Suits me, but I doubt it. I just added some more this morning. Didnt get the low, (got it at 15.43) but am thinking we got to be within 10% of the bottom and its very hard to catch the exact bottom. I believe there is potential at these prices for substantial gains despite what the current round of ANALysts say by the end of this Calendar year. JDN

To: Charles Tutt who wrote (42527)	3/29/2001 12:19:53 PM
From: High-Tech East	Read Replies (2) \| Respond to of 64865

According to the WSJ today, SUNW has a 12 month trailing P/E of 25 based on yesterday's closing price of $15.75. When I made my first three purchases of SUNW in May, 1997 my average cost was $33.468 per share and I believe the 12 month trailing P/E was 17 (pretty sure it was 17, but not positive). Since that time, the stock has split 2 for 1 three times (I think). $33.468 divided by 6 gives a split adjusted price for those 1997 shares of $5.578. Another way to look at history would be to take yesterday's price of $15.75 with a 12 month trailing P/E of 25 and proportion the price to the P/E of 17 four years ago. That number is $10.710. Please understand that I am not trying to make a case that SUNW will eventually reach a price as low as 5 or 10. But it does provide a little perspective to look at the numbers from a different angle when you hear some people say that some of these high flying technology stocks might be considered expensive even at these seemingly low prices. Personally, I believe that SUNW is a great value at 15, but I would rather pay 20 or 25 for it when it is clear it is recovering than to buy it for 15 when it might go much lower. Ken Wilson