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

To: Holger Johannsen who wrote (6640)	1/10/1998 9:59:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 64865

Holger, I don't think so. His statement is consistent with the ones made at the analyst's meeting they held a month or so back. It is consistent with the statements made after the last quarterly report also ie we aren't experiencing the same levels of growth or income from the Asian parts of our sales efforts, but we are a 'worldwide' corporation and Asia is only a portion of our market. This has been said before, on several times and in several arenas, and, in my opinion, that is why the stock price fell from the mid 50's to where it recently bottomed. Ben A.

To: Holger Johannsen who wrote (6640)	1/10/1998 12:10:00 PM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 64865

Holger, "all that matters is the bottom line."...wrong, if business is done in local currency, then expenses are also lower...my point is that you have to look at the overall picture...if Sales are translated back to US dollars that does not equal a smaller bottom line(profit), because expenses(afterall business is done in local currency)have to be translated into US dollars and that counter balances the negative effects of a strong US dollar...in addition, there is hedging of the currency and lower component costs for SUNW's products...another way to look at this is if all manufacturing was done in the US and the product was sold in Asia, then I would be worried...in this latter case expenses remain fixed and income shringes from a strong currency...most important is profit margins and %market share...if a company keeps up with R&D, and keeps business expenses under control, market share will be maintained or grow...this will translate into good unit sales and profit margins will not suffer...profits will continue...

To: Holger Johannsen who wrote (6640)	1/13/1998 7:22:00 PM
From: Thomas Haegin	Respond to of 64865

Holger, sorry to respond only now. I'm busy on the Asia Forum and with other stock I do not have the same good feeling as with SUNW. In short, I would not be surprised if SUNW had some troubles in Asia and missed estimates for 12/97. Ex-Asia I would expect SUNW to do very well, especially with us in Europe. OTOH, I wonder how big their customer base (ex-Japan, ex-SGP, ex-HK) can be in light of what their stuff costs. So I would expect a limited impact only. Japan was probably slow all along, SGP and HK could be down. Really just guessing. BTW, my brother who works in UBS stock trading dept. tells me that UBS runs its complete stock exchange linkups and applications (in Switzerland we have no trading floor anymore but electronic trading) on SUNW servers. I don't know how many servers, but I may be able to find out. Anyway, even if only one, this speaks more than 500 negative SUNW posts to me! I'm still long and in it for the long term. Tschss, Thomas