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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: techtonicbull who wrote (14577)	10/3/2002 8:45:13 PM
From: pirate_200	Respond to of 17183

> Time to get out? opinions? I think Sun Micro (SUNW) is a good reference for any tech stock right now. SUNW is trading at $2.57 with a book value of $3.03 or 15% BELOW book value. I think this is a good indicator of how low things can get for any tech stock. SUNW isn't going out of business and if such a big tech name is being treated like that, all bets are off elsewhere. EMC's book value is $3.37 at the current number of outstanding shares/cash situation. Will it go that low or below? My feeling is that storage should be and will be valued higher than server vendors, but until companies stabilize revenue and ideally, make better earnings, the floor is not in. If you want to hold but have a tax loss you can take advantage of, sell, take the loss and buy back in 30 days. You can carry that loss forward against (hopefully) future capital gains. The bear will die, it's just a matter of time.