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

To: QwikSand who wrote (51456)	9/12/2002 4:34:50 PM
From: Byron Xiao	Read Replies (1) \| Respond to of 64865

You've been saying this is the bottom for the last 2 years now, so when will we actually hit the bottom? Maybe when they hit the $5B market cap which is equal to their cash position. Maybe even lower. Maybe this is just a giant blackhole that is sucking everything into it, and there's no bottom. I am not rushing in to buy. That's for sure. Please, focus on something else. It's not the time to touch this stock now.

To: QwikSand who wrote (51456)	9/12/2002 4:37:45 PM
From: Charles Tutt	Respond to of 64865

Even assuming Sun's earnings release is as expected, we have a few things to get past in the near to intermediate future -- options expiration next week, followed by "warning season" for 2-3 weeks, and then the "end of year" selling for many mutual funds at the end of October. Obviously a possible war with Iraq also hangs over the market. Vietnam negatively affected the market for _years_ and Iraq could do the same. On the positive side, at some point the malaise will end, and SUNW is in "value stock" territory by some measures. I think Byrini (sp?) has called a bottom, and he seems to me to be among the more credible analysts. As I recall, he based his conclusion on a sharp rise in retail shorts. A little good news could help. Does anybody know what 3Com did yet? Edit: My bad -- that's next week. JMHO. Charles Tutt (SM)