SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: michael97123 who wrote (51753)9/20/2002 11:55:00 PM
From: Charles Tutt  Read Replies (2) | Respond to of 64865
 
Is your loss of faith due to the stock price or something else?

Charles Tutt (SM)



To: michael97123 who wrote (51753)9/21/2002 9:22:26 AM
From: im a survivor  Read Replies (1) | Respond to of 64865
 
Still have mine....wont sell this low.....would rather wait and see what happens...it's so low now, I dont even worry about it anymore....in my mind, my SUNW investement has been a 100% loss....in reality, I'll forget I still own some shares and wait and see if she is still alive in 10 years.....



To: michael97123 who wrote (51753)9/21/2002 9:37:46 AM
From: techtonicbull  Read Replies (2) | Respond to of 64865
 
Mike I share your concern about owning Sun Microsystems at this time. If you have followed this thread you would know that I have been one of the most vocal cheerleaders for Sun Microsystems over the past 4 years or more. I , at one time held 48,000 shares of the stock.

I was "rich" during the telecom/dot.com boom. I unfortunately didn't get out of Sun Micro fast enough. I was fortunate to have preserved a small portion of my assets by selling a little at a time on the way down. I thought that this was the best run company with a product and a concept that would allow it to dominate the hardware/software space.

Now I am totally out of SUNW. I fee very differently. PArtly a problem with the state of the economy and a greater part a problem with Sun Micro itself.

I would get out of SUNW as soon as possible (on any jumps in price). This is why: Buyers of high range hardware are finding alternatives to the high margin Sun Micro equipment. There is no reason for them to pony up the money for the incremental increases in speed that SUNW always crows about. Also SUNW's storage and general software isn't so "hot" as compared to Microsoft or in the UNIX space LINUX is the place to be for Big "iron". IBM is promoting it like mad now. Also, JAVA is free for all so big deal that SUNW invented it. They never controlled it. Since they never controlled JAVA, they never made any money from it.

In summary, I would sell SUNW in my opinion only, because I feel they have made significant business mistakes over the years (like not melding with MSFT desktop, not made JAVA proprietary, not got into the low end desktop years ago) and generally they have "missed the boat" by not sufficiently diversifying their profit centers and businesses.

The future IMHO looks bleaker than ever. I am only sorry I didn't sell when Zander left and Lehman left. That should have been taken as a sign.