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

To: John Carragher who wrote (7881)	2/23/1998 6:43:00 PM
From: John Carragher	Respond to of 64865

Dow Jones Newswires -- February 23, 1998 Sun Micro Still Sees 600-Mhz Processors Within 6 Mos Dow Jones Newswires SAN FRANCISCO -- Sun Microsystems Inc. (SUNW) continues to target the delivery of UltraSparc microprocessors running in the 600-megahertz range within three to six months, Chief Financial Officer Michael E. Lehman said. The company's current line of UltraSparc processors, which serve as the brains of computers, runs in the low 300-megahertz range. A processor's megahertz rating reflects its speed. Speaking Monday at the BancAmerica Robertson Stephens Technology Conference here, Lehman said Sun has increased the number of employees in its JavaSoft subsidiary working on the Java programming language to 800 from 300 a year ago. -Mark Boslet; 650-496-1366 Briefing Book for: SUNW Return to top of page Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.

To: John Carragher who wrote (7881)	2/23/1998 7:10:00 PM
From: Ben Antanaitis	Respond to of 64865

John, This P&F pattern is when a stock technically gives the weakest sell signal and then proceeds to rebound punishing the bears who may have sold short on the fake sell signal. Since SUNW is trading above it's overall bullish support line (a plus) and it touched and bounced off of an 'interior' bullish support line (one above the overall bullish trading channel support line) another plus, the thought is that the 'weak' sell signal that formed when the support line was touched at support point S1 on the EZ-PnF chart of SUNW at pipeline.com is the springing of a bear-trap. IF SUNW hits 52, then a triple top would form and that is a very bullish thing indeed. But that is the chart read, so it's not investment advice. Ben A.