Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JDN who wrote (45018)	9/6/2001 10:51:42 AM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

I don't know. I'm discouraged. It's not just SUNW. When nearly every stock I own is going down multiple per cent per day, it's hard to be optimistic. And now Dubya apparently has caved (no big surprise there) on the Microsoft case. Charles Tutt (TM)

To: JDN who wrote (45018)	9/6/2001 6:51:59 PM
From: Steve Lee	Read Replies (2) \| Respond to of 64865

"I personally have narrowed my focus now to just two stocks (SUNW & EMC)" Dear JDN, I really think you have picked two losers here. Not only do I expect the markets to go down severely from here, I expect these two stocks to underperform the market, especially EMC. There is no compelling reason to buy the products offered by either. Sun servers and EMC storage are overpriced. If the companies were to discount their products to tackle this, they would be selling way, way below cost. There is no way they can get their costs down to the cost basis of Compaq/HP or IBM due to their inflexible proprietary focus. At least Compaq/HP & IBM are nimble enough to offer a variety of platforms and hence hedge their bets. Let me tell you Solaris is dead and this realisation is setting in amongst IT managers at a rapid pace. The price performance of UltraSparc is a joke. I get some flack for having some kind of vendetta against Sun and maybe that is a product of my exasperation at the baseless hyping here, and the criticism of Intel, MS, IBM and other good, very switched on companies. I assure you that I have no personal feelings for any company and am in the markets to make money, and also because I enjoy it. We have had some banter and you always have shown me respect despite differing news, hence I am sending this message in a genuine attempt to urge you to think again about sticking with these two stocks. I try to be very nimble and if I believe I have made a mistake I will turn on a dime. I have no loyalty to any stock. I turned negative on Intel in July 2000 after holding it, and making a fortune, for YEARS. Here is the post where I went negative: Message 14047726 (there is a typo in the post - "80's" should read "90's") If you note the date of that post and then look at a graph of INTC stock price, does anything strike you? If I was a fanatic of any variety, I would have stuck with the stock on the way down, just as some of you think I am dissing Sun out of being an anti-fanatic. Just today, despite being very bearish on the markets and economy, I bought the QQQs. Here in after hours I am marginally ahead after being quite down, but I thought it the right thing to do based on business conditions related to INTC. I will stick with this unless I see I am proved wrong tomorrow. Why am I telling you this? - not to impress you but to try to impress up on that I am here only to call it how I see it, and prepare to be wrong, as I sometimes am in my trades, but to honestly say I know the IT industry from a technical point of view and as it pertains to the people who hold the purse strings in the world's largest organisations. If you must be bullish, then you can hedge your bets pretty well by buying indices until guidance becomes a little clearer.