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

To: Steve Lee who wrote (47588)	3/4/2002 3:12:30 PM
From: techtonicbull	Read Replies (1) \| Respond to of 64865

Sunw due to ORCL sure, but down also due to ML Milunovich commenting that business is "soft" in the channels. He thinks that the mid-quarter update will be negative. I think the opposite. I believe that the channel samples are not fully accounted for. Laura Conigliaro also feels the same way, but is a little more optimistic that business IT spending can do more than just drag on the bottom as she describes it.

To: Steve Lee who wrote (47588)	3/4/2002 3:25:54 PM
From: Just_Observing	Respond to of 64865

I suspect SUNW down cos of ORCL When ORCL announced their shortfall on Friday, I calculated the correlation coefficient of Sun's closing prices with that of ORCL over two years and 3 months. It was a surprisingly large 0.92. However, when I calculated the 40 day correlation coefficients, they were more likely to be negative than positive over the last 40 to 50 days. In short, the correlation between Sun's and Orcl's prices has been broken. I suppose, if Orcl continues to fall, it may establish a positive corrl. with Sun.