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

To: QwikSand who wrote (47989)	3/23/2002 10:48:46 AM
From: rudedog	Respond to of 64865

QS - while I agree that SUNW was in the mainstream on guidance and did not "pump" the stock even at the height of the bubble, I disagree about MSFT's guidance. Especially in hindsight, they were one of the few companies that told it like it was. While giving reasonably accurate guidance about future earnings, they said things like Ballmer's comment - "I think all of the tech stocks are overvalued, including ours..." Who can argue with that in retrospect? When I go back and look at some of those comments, they seem like the kind of thing that investors should have listened to. The notion that MSFT was intentionally talking down its own stock to set a sandbag low bogey just doesn't seem reasonable given the financial guidance. Most of the so-called "lowball" comments related to general tech evaluations, the opportunity to create value proportionate to the multiples (not likely), and so on.

To: QwikSand who wrote (47989)	3/23/2002 6:28:47 PM
From: cfimx	Read Replies (1) \| Respond to of 64865

>>What did Sun management do that was so different from what everybody else who was making money did (and of course many who were losing money)? They had their foot on the gas just when the road ended. Every company did it. But Scottie is portraying himself as techs answer to Buffett. Suncom was one the most promotional large technology companies. I harped on this theme endlessly in the day. What's an example of promotion? How about splitting the stock three times in a matter of months? Everybody knew a stock split begat more buying; it was a virtuous circle. A very Buffett-like thing to do would have been to squash expectations. Suncom did just the opposite, astonishingly RAISING them. Do you really think if Scottie was thinking things were unsustainable he would split the stock over and over? The result is an $8 stock, headed for sub-$5. Sub $5? I garON-tee it. The only question is when. When Scottie and Ed talk about their business, they are decidely NOT-bullish. They're finally telling it like it is.