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

To: Bald Eagle who wrote (6946)	1/16/1998 1:12:00 PM
From: Alok Sinha	Respond to of 64865

You certainly can hope that it goes down. I doubt that will happen in the next few weeks if the market does not totally collapse. Techs (except for high P/E firsm such as YHOO, AOL, PSFT, MSFT, etc) already have the doomsday scenario built in their prices. We will continue to see daily blow-ups (like Microchip today) but as long as the big-guns come through with decent earnings, techs are poised to move higher. Remember NAZ is at the 1550 which is approx 13% off its highs. More than 60% of NAZ stocks are off more than 20% off their highs. Also the technical support at the 1500 level has held up 4 times in the last couple of months. That is the level where greed has overtaken fear ( and fear sentiments due to Asia have been extreme). Good to know you find SUN products easy to work with. Our group also uses SUN servers and it rarely crashes (as opposed to the NT which will invariably cause problems if you try to load large database files > 100 MB) Regards Alok regards

To: Bald Eagle who wrote (6946)	1/16/1998 1:14:00 PM
From: John Chen	Read Replies (1) \| Respond to of 64865

Addi/Wiseowl:Re"ML/..". It's so true but with slight variation each time. Sept/Oct has been traditionaly going into WEAK PERIOD, those guys made use of 'short term rosy picture/number' to unload stuff. Then buy it back later while the picutre is bleak and pounding on the negative. ML says NEAR TERM buy is a 'signal' among themselves(whoever they are) that SELL and be not too greedy, I think. Again, short term rosy picture/number and then the 'cycle start ALL OVER'. Ain't that SAD!!!!!!

To: Bald Eagle who wrote (6946)	1/16/1998 9:08:00 PM
From: Sonki	Respond to of 64865

ML oN SUN: NEW YORK, Jan 16 (Reuters) - Merrill Lynch said on Friday it had raised its near-term rating on Sun Microsystems Inc to buy from accumulate while keeping its long-term buy rating on the stock. -- Sun modestly beat Wall Street estimates in reporting fiscal second quarter earnings of $0.57 per share and offered a positive outlook, analyst Steven Milunovich said in a research note. -- Revenues rose 18 percent and orders rose 20 percent despite a currency hit, he said. European demand rebounded and weakness in the Far East appears manageable, he said. -- "Sun is one of the most profitable computer companies at a 13 percent operating margin because it controls its own chip and software technologies," Milunovich said. -- Increased fiscal 1998 earnings estimate to $2.35 per share from $2.30. -- Although Far East remains a concern, Merrill sees company averaging 20 percent revenue growth over the next 18 months, with server and storage segment driving results. -- New product flow should benefit second half results. -- Stock up 1-10/16 to 44-11/16.