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

To: Charles Tutt who wrote (51580)	9/15/2002 9:03:22 AM
From: John Carragher	Read Replies (1) \| Respond to of 64865

DEPRESSED TECH COMPANIES The earnings of technology companies continue to be depressed and there's no evidence of a turnaround any time soon. "Hundreds of fund managers are finally realizing these companies are no longer growth companies," says Carlton Lutts, editor of Cabot Heritage Corp., which publishes investment newsletters. "Institutions are overloaded with (technology) stocks, and many are trying to get rid of them without depressing the prices further, an impossible task considering the number of shares they own." More than a thousand institutions this summer held Cisco Systems, (NasdaqNM:CSCO - News) Intel Corp., (NasdaqNM:INTC - News) Dell Computer Corp., (NasdaqNM:DELL - News) Microsoft Corp. (NasdaqNM:MSFT - News) and Sun Microsystems, (NasdaqNM:SUNW - News) he says. "If you were a fund manager trying to get rid of 400,000 shares of Sun Microsystems (now selling at about $3 a share, down from a high of $65), can you imagine the traffic jam?" Lutts says. "Imagine the pressure to get this stock out of your portfolio."