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

To: cfimx who wrote (51798)	9/23/2002 10:18:56 AM
From: I Am John Galt	Read Replies (2) \| Respond to of 64865

I don't hate Microsoft as a company. Microsoft puts out a terrible product. It has nothing to do with emotion or anything else. It has to do with the fact that they put out a terrible product. I don't know why you can't see this logically. Logic costs me money because of an emotional stock market. The stock market as a whole is overselling itself right now because it's having these emotional responses. Do you honestly think that Sun is a fair value at 3 dollars a share due to the first year it's ever had a revenue decline in the history of it being publically traded? Does that sound logical to you to lose 95 percent of its value due to a 33% decline in year over year revenues? Let's look at its value in 96... before the bubble, and compare it to what it is now. Does that look logical to you? If it does, I would be willing to challenge your logic with figures. This is an emotional backlash, nothing more. The tech market as a whole is suffering emotionally from companies like WorldCom and Enron. Also, the fact that the market supports companies like Dell and shuns companies like Sun shows what kind of a market this is. The market doesn't care about innovation. They care about the bottom line. This is always the case in a bear market. When the bull comes back, however, it has historically been the innovators that garner the most support in any boom. I would venture to say that Sun's return on investment at this time will be fairly substantial. Let me lose thousands of dollars now (while I average down), so that I make millions when the bull returns. Again, I can understand that you base your logic on the type of market we're in. But short-term logic has never been something I have pursued. I have been called an innovator by a lot of people. I am not near-sighted by any means. My vision is only 5 years down the road. IT spending will return, and innovation will always be rewarded.