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


To: CYBERKEN who wrote (51599)9/16/2002 10:10:17 AM
From: cfimx  Read Replies (1) | Respond to of 64865
 
cyborg, suncom has a $2 handle now. trouble in paradise? cyborg?



To: CYBERKEN who wrote (51599)9/16/2002 10:33:06 AM
From: cfimx  Read Replies (4) | Respond to of 64865
 
cyborg, i just realized my six year anniversary at si has come and gone. six years! from day one i was BEARISH on scottie and his plan to grow suncom, and stated it here. Nobody understood how someone could be bearish on this great company! i endured the mirage of the bubble and many long gone people who insulted me endlessly for expressing an opinion different from their own uninformed one cyborg. i never once WAVERED from my opinion that suncom was TOAST in the long term. once, i even admitted that my timing was off, and i APOLGIZED to the board and said I was TEMPORARILY WRONG. I also said that if I felt I was permanently wrong, I would admit that too. I NEVER had to. When I arrived, suncom was trading at $3.56. Today SIX YEARS later, the shares are BELOW $3. What a horrible horrible investment this has been for shareholders. When I arrived, I always said I would judge my accuracy based on how suncom performed versus the s&p index. Well, the SPY was at $64.25 then and it is over $89 now. Not only has suncom been a horrible investment relative to the UNMANAGED index, it has been a horrible investment PERIOD, underperforming a MATRESS.

today, I claim VICTORY over suncom. I don't know where the price of suncom is going to go now. It should bounce someday soon, perhaps when suncom bites the bullett on costs. But I will tell you one last thing. SUNCOM is undoubtedly finished as an infulential technology company and Mcnealy's reputation as a CEO will only worsen further. You are witnessing the SGI/DEC/DATA General/and Compaq (ing) of SUNCOM, only it MIGHT be worse for suncom becasue of the atrocious ego invovled mismanagement of one golfing CEO. This person put a personal fued with another ceo above the interests of his own shareholders and employees. Now the consequences. SUNCOM as you have known it, is no more. It is TOAST cyborg.