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

To: Charles Tutt who wrote (46967)	1/22/2002 1:54:56 PM
From: Steve Lee	Read Replies (2) \| Respond to of 64865

If you follow T/A based on support/resistance, the whole point is you don't expect those levels to break, you wait until they do, then buy or short for the run to the next area of congestion. This kind of analysis leads to buying just above support levels, not selling. That is why stocks tend to bounce within a range, or "channel".

To: Charles Tutt who wrote (46967)	1/22/2002 3:54:22 PM
From: High-Tech East	Read Replies (2) \| Respond to of 64865

Charlie, QwikSand, JDN, Steve, techtonicbull, twister et all ... I have read some positive and interesting things about Siebel Systems [SEBL] ... there was a cover story in Forbes recently ... and I have pulled their most recent 10Q, although I have not read it yet ... do you have any thoughts or opinions about them ... I am not ready to buy their stock quite yet, but I am very interested in learning more about them. This bear market will not last forever ... got to get myself thinking more bullishly as we head into late summer (probably) ... maybe sooner ... I don't see myself buying June S&P puts at this point ... unless of course there is not a big drop now or soon. Ken

To: Charles Tutt who wrote (46967)	1/22/2002 10:50:36 PM
From: DiViT	Read Replies (2) \| Respond to of 64865

Sun Micro Falls After Estimates Cut SAN FRANCISCO (Reuters) - Shares in network computer maker Sun Microsystems Inc. (Nasdaq:SUNW - news) tumbled 10 percent on Tuesday after Goldman Sachs lowered earnings estimates for the company, citing an expected drop in interest income. The brokerage repeated its recommendation to buy the stock, which fell $1.19 to $10.93 shortly before the close on Nasdaq. On Friday Sun reported a fiscal second-quarter loss which met Wall Street's consensus forecast and said it was making progress toward turning a profit in the fourth quarter. However, its gross profit margin was lower than expected, as a number of analysts highlighted in reports. Goldman analyst Laura Conigliaro, in a note titled ``The Worst Seems To Be Over Although Improvements Will Still Be Slow,'' cut her calendar 2002 earnings forecast for Sun to 10 cents per share from 16 cents per share. She said the change was mostly due to revised ``other income'' estimates, which would be lower due to interest rates. ``Our RL (recommended list) rating is based on the favorable risk/reward we see in Sun stock over the next 12-18 months, particularly as higher volume enables Sun to leverage its operating model,'' Conigliaro wrote. Technology stocks rose sharply in the last two months of 2001, and analysts have said earnings outlooks would have to be rosy to justify the run-up. Sun's drop was bigger than for other technology heavyweights, although major computer makers were down across the board on Tuesday, with International Business Machines Corp. (NYSE:IBM - news) down $3.75 to $110.50 and Dell Computer Corp. (Nasdaq:DELL - news) off $1.23 or 4.3 percent, at $26.87. dailynews.yahoo.com