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


To: cfimx who wrote (47991)3/23/2002 7:26:47 PM
From: QwikSand  Read Replies (1) | Respond to of 64865
 
You may be right about the split aspect of things.

In hindsight, it is easy to say Sun split too often. The many posts on this board and especially on places like Yahoo and Raging Bull by various brain-dead Rukeyser viewers that usually consisted of a single line like "Anyone know when the next split is happening" should have been a hint to management that splitting too much couldn't have been a good thing.

Their defense was that for some reason they liked to keep the stock in a $40-$80 range. I don't really remember the rationale...so that more people could own it or some such charitable thing? Obviously it was bogus. So you're right on that score.

Below $5? Could very well be, because the whole economy could still go below $5.

(By the way, I just read today that after 30 years they finally sh*t-canned Louis Rukeyser (true--no joke). His ratings went to zero and they're trying to rebuild the show for a younger, more action-oriented demographic. They're still working out the concept but it's going to be called something like Fund Factor, where some fund managers spend 6 months in a big glass tank with nothing but a cot, a phone, a vending machine, and a computer. Every month if somebody underperforms they dump in a 40-gallon drum of spiders on him.)

--QS