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

To: Elroy who wrote (50574)	7/22/2002 4:01:39 PM
From: technologiste	Read Replies (1) \| Respond to of 64865

AAPL

To: Elroy who wrote (50574)	7/22/2002 4:10:33 PM
From: Bob Kim	Respond to of 64865

Problem with analysts is that they do their analysis to support their recommendation instead of vice versa. If he doesn't like Sun he is going to figure out a way to say its expensive no matter what. The problem for Steve is that he has a rating on the stock that suggests the stock should go UP not down yet he talks about further downside. BTW, SUNW is the only stock he has upgraded this year and he only has one stock that is rated higher and none lower.

To: Elroy who wrote (50574)	7/22/2002 5:03:01 PM
From: Steve Lee	Read Replies (1) \| Respond to of 64865

"40% gross margins" gross margins are as useful as pro forma IMO. Make investing decisions based on gross margins and you might get results like those who invested in SUNW and other no earnings bubble stocks based on pro forma.

To: Elroy who wrote (50574)	7/22/2002 8:13:44 PM
From: Humblefrank	Read Replies (1) \| Respond to of 64865

Merrill Lynch put out some statistics on Sun that are similar to what has been discussed here. I'm not an accountant, but it seems they're saying the book value of Sun is $2.90 a share? I suppose they would start buying back they're stock if it falls that low. >>stock trades at 33x FY03 earnings est and 1.2x the S&P 500 multiple (compared with 7x in 1994 and 0.50-0.60x in the early-1990s), today's price-to-sales is 1.06 (vs the 1994 trough level of 0.43), and the price-to-book is 1.4x (vs 1.19 in 1994).<<