Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Lee who wrote (48804)	5/6/2002 9:08:19 PM
From: techtonicbull	Respond to of 64865

2:38PM Sun Microsystems: comments on bond/equity divergence by TWP (SUNW) 6.04 -0.73: -- Update -- Thomas Weisel notes that while Sun common shares have significantly underperformed the shares of comparable co's over the last 6 months, Sun debt is trading above par value and in line with similar corporate debt securities; this divergence may suggest several possibilities, including the notion that bondholders believe there is little risk to either principal or interest payments, and implying that the bond holder view of the longer term outlook for the co may be better than that currently perceived by equity holders; it also suggests there is an inefficiency in the pricing of the bonds relative to the equity. Reiterates Buy rating, price target is $16.