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

To: Steve Lee who wrote (48233)	4/12/2002 12:07:06 PM
From: im a survivor	Read Replies (2) \| Respond to of 64865

<<"Just think of the executives and how much they have lost." Get real, they just reprice their options lower. They still make money - the money you have lost. You lost that money by investing in the dream they sold you with those bullish CCs which carried on with pro frma nonsense right to the point where they just had to come clean. Meanwhile, McNealy still gets to play with his own Jet-fighter while getting paid for his part time job of shrinking Sun. That's when he is not out hiding his own company's shortfalls by bashing competitors in the press and with lawyers. I wonder how much of your money the lawyers got? >> What bothers me about Mcnealy is his recent comments about how ridiculously high priced his stock was at $80 a share.....he said it was "obviously, way overvalued at that price"....well, he says that now, after sunw has reached $7......what was he saying back when he said "it was obvious we were way overvalued".....?? He sure as hell wasnt saying that, and in fact he was very bullish......so, now he says it was obvious back then SUNW was way overvalued, but meanwhile, he didnt tell us that then...if it was so obviously overvalued according to him at $80, whey didnt he say so, instead of spewing nothing but bullish talk.......I know a CEO is supposed to stand by his company....but they owe it to shareholders to be honest.....if he thought sunw was overvalued at $80, he should have told us that rather then getting more bullish, while he sold millions of shares........The only thing keeping me in SUNW is the big stock buyback they announced months ago....I figure if they are buying back that much stock, they must feel they will one day be higher......good luck to all.......

To: Steve Lee who wrote (48233)	4/12/2002 12:36:58 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

You're pretty mixed up, Steve. I don't recall Sun repricing options, and their GAAP earnings have always been available for those who wanted to see them. BTW, pro forma numbers, while subject to abuse, can be MORE valid and useful than GAAP numbers in many circumstances. If you don't understand that, ask your accountant; it's a pretty basic concept. And who has lost any money? I admit I didn't take anywhere near the profits that were once available to me, but SUNW has been a dandy investment nonetheless. Run a five year chart against MSFT; even with the dramatic plunge in SUNW, it has kept up with Bill Gates' darling of Wall Street over the long haul. It's Ellison of Oracle who has the MIG. Plus, both the MSFT antitrust trial court and associated appeals court thought MSFT deserved a bashing; Why shouldn't McNealy agree? JMHO. Charles Tutt (SM)