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

To: Lizzie Tudor who wrote (51447)	9/12/2002 3:20:30 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

From the same 10Q: 16,874 total assets of which 2,182 goodwill. 9,731 stockholders' equity. 3,245 shares outstanding, basic and diluted. --QS (Edit: sorry, left out stockholders equity first time)

To: Lizzie Tudor who wrote (51447)	9/12/2002 3:29:10 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

If you subtract off about $1.4B of debt, that leaves about $4.5B of liquid assets. Subtract those off the market cap of about $10.5B and the implied price for a business with about a $12B run rate is about $6B -- truly unloved. JMHO. Charles Tutt (SM)

To: Lizzie Tudor who wrote (51447)	9/12/2002 3:47:04 PM
From: Lizzie Tudor	Respond to of 64865

this is amazing to me- Sun shares were down 5 percent at $3.20 in afternoon composite trade on Nasdaq, their lowest level since Dec. 31, 1996. biz.yahoo.com 5% here, 5% there and pretty soon you're talking... you know. L

To: Lizzie Tudor who wrote (51447)	9/12/2002 4:03:43 PM
From: QwikSand	Read Replies (2) \| Respond to of 64865

I don't know what the book value is... I stopped looking at that after all these goodwill writedowns It looks like there's more than goodwill involved too. Per the 10Q I pegged GAAP book at between $2.50 and $3.00 depending on how much goodwill you want to believe, but the Smith Barney guy doesn't think so: The analyst did not change his "underperform - speculative" rating or his $2 price target on the stock. He said the $2 target was reasonable given the difficulty of generating profits, and given a tangible book value he pegged at $2.29. --QS