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

To: QwikSand who wrote (51772)	9/21/2002 2:04:32 PM
From: Lizzie Tudor	Respond to of 64865

Sunw mentioned in Barrons (thanks stockman_scott for posting the article) Among the big stocks, Sun could be a bargain. The server maker trades at 2.70 a share, down 78% this year and 95% under its 2000 peak of 65. Sun faces competitive challenges and has seen an exodus of top talent. Yet it has a great balance sheet, with net cash of $4.3 billion, or $1.30 a share, as of June 30. That's about half of Sun's market value. Sun's book value is $3 a share and its tangible book, excluding goodwill, is $2.33. Sun is trading below book value for the first time since going public in 1986. In addition, Sun's price-sales ratio, derived by dividing its $9 billion market value by its projected annual revenue of $12 billion, stands at 0.75, and is only about 0.4 when adjusted for cash. Sun is expected to operate at a slight loss in the current quarter and at break-even in its fiscal year ending in June. "Sun isn't a bad one to think about," says Milunovich. "It's a big company with a large installed base. It has discounted a lot of the bad news." He says Sun will revive in the next three years and that "patient investors probably will come out okay." Message 18018733

To: QwikSand who wrote (51772)	9/22/2002 3:22:10 PM
From: CYBERKEN	Respond to of 64865

<<I don't see much in it that would prompt anybody to run out and buy the stock in the near term. In terms of predicting revenue performance, the best McNealy says he can do is to "straight-line the last four minutes".>> LOL! Our entire nation just spent the last several months threatening to put CEO's in prison for trying to say anything MORE than just that. After all, they might be WRONG, and that is now a CRIME. Better get used to it (It ain't that bad. It'll make you an INVESTOR again)...