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

To: cfimx who wrote (49358)	6/1/2002 5:43:46 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

12 X what? Certainly not sales. In fact, IBM and SUNW sell for nearly the same P/S according to Yahoo!. JMHO. Charles Tutt (SM)

To: cfimx who wrote (49358)	6/2/2002 4:40:44 AM
From: CYBERKEN	Read Replies (1) \| Respond to of 64865

There are a lot of families out there who won't sell IBM for generations to come. They have been carefully taught not to by their ancestors, who held through the times when it was THE giant of technology. These investors won't bother with any research to find out that it's been a dog since the early 80's, with little or no prospect of ever competing successfully with emerging companies like SUNW. This (the Big Blue Cult) is another phenomenon of the stock market that few investors remember (or ever bothered to learn): There is a limit to even the most perfect buy and hold play. Microsoft is looking like another obsolete IBM-type situation, only it happened in fewer years. But every enterprise eventually peaks in its life cycle and capital has to be moved elsewhere. (That's the great crime of taxing capital gains, BTW). The psychological momentum of holding MSFT and IBM will last for decades to come. Thus bad investments like them will be available to fools (like yourself) for as long as you are around. But all this is a great advantage to companies like SUNW, whose best days are ahead of them. They keep growing at the expense of the dinosaurs. You can take comfort in knowing that you will eventually be right about SUNW, by and by, years from now. Kind of like if you had started bashing IBM in 1959 (and no doubt some did). So your great sin is simply shitty timing. And in the long run, timing is the whole ballgame...