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

To: uu who wrote (7683)	2/12/1998 10:50:00 AM
From: Magnatizer	Respond to of 64865

Addi I do not have the prices SUNW was at but I do have the dates of upgrades and downgrades from PW. October 17 upgrade, January 16 upgrade, and todays downgrade. Hope this helps Long SUNW David There was also an upgrade in the summer but I am not sure on the date. (Best guess June 16)

To: uu who wrote (7683)	2/12/1998 1:54:00 PM
From: Holger Johannsen	Read Replies (1) \| Respond to of 64865

Addi, I'm amazed but there is no other stock in my portfolio that gets pushed around by analysts like Sun. I guess there is nothing the company can do to ever please some of these species. I have to point to post 7305 on January 27th when Prudential put Sun on their single best idea list. The stock was at $ 46 that day. I jokingly said in post 7306 that it was time to sell because now all the major brokers had put a buy on Sun which had signaled before that this was the top. I guess I should have listened to my own advice ;-)) Anyway, it's very frustrating to see the stock move around this way. It seems to have no life of its own. Some days ago Goldman Sachs removed another stock I own (Novartis the Swiss drug giant) from their Global Priority List. The stock dropped for one day but after that a newspaper reported that this move was most likely done because Goldman wanted to buy at lower levels for their clients and also wanted to make some money on commissions (I would have never believed that ;-))). Now the stock is up again. Sun does unfortunately not move that way. It will trade into the mid 30s before we'll see a new move up again. That's what it always does. I still believe in the company and what they do. I feel the reason for the downgrade is as ridiculous as this story about Compaq masking their problems with DEC. How often did competitors cut prices and how often did this hurt Sun? Never! How can a one time price change trigger a downgrade? This is a mystery to me. Either one has the opinion of twister (which I don't share but respect since he gave reasons for it) and would never touch Sun or one believes in the story and does not get scared off by some price change. Nevertheless, I'll probably sell my position because I'm too fed up now. I don't believe anymore in the saying that in the end only the fundamentals matter. In today's market fundamentals mean nothing. The perception of the fundamentals by those mafia guys from brokerage houses are what matters. I've seen so many stupid research reports that I can't believe people actually buy into that. Even institutional investors can't be that stupid. I just wonder where those guys from PW and MS where on January 29th when Sun had the analyst meeting? Lehman put out a very bullish and upbeat report. As much as I disagree with Lehman on other stocks but George Elling seems to be the only one of this bunch who actually understands what Sun is doing. He has not changed his buy rating for some years now. Off topic: Do you invest in ERP software companies like SAP, Baan and Peoplesoft? Since you work for a software company which is somehow connected to the ERP segment I wonder if you have an opinion about these companies as an investment. Holger