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

To: micromike who wrote (8684)	3/30/1998 7:05:00 PM
From: Byron Xiao	Read Replies (1) \| Respond to of 64865

Addi. I sold all my stocks today, your timing about the tech sell-off from March to May maybe off a bit, but I believe your overall analysis is right. Wall Street continues to ignore earning warnings from INTC, TXN, CPQ, MU... DOW and NASDAQ continue to establish new highs. The PE multiplies are all time high at 22-23. We pretty much over-look the problems in SE Asia and Japan. I wonder if we are on the verge of a break down, when April rows along and the corporate earnings are not favorable. Even at 41, I don't feel like getting into SUNW yet. It's got nothing to do with SUNW's fundamental. Just the current trend for the whole tech sector is not too favorable in my opinion. Patience, guys, have patience!!! Besides, the Broncos won the superbowl, not a good indication for stock market this year. But I like the underdog stuff, and the GB team was too arrogant for my taste. By the way, do you think that fat guy from Utah have a chance tonight?

To: micromike who wrote (8684)	3/30/1998 8:03:00 PM
From: Alok Sinha	Read Replies (3) \| Respond to of 64865

Good article for "patient" SUN investors, such as myself. No new info, as far as SUN's current business; however, it is good to know that influential analysts such as Kunstler (who is for SUNW what Sherlund is for MSFT, is still a big bull at this late stage of the quarter). In terms of getting the info out, I wish the article had focused some more on SUN's successes aganist HP, SGI, DEC, IBM on the server and systems side. For those of you (Byron, Kal, Addi, etc) who consider moving in and out of stocks (from time to time) based on perception about valuations (to be fair to you guys, I would not use a strong term such as "market timing" which iIMO is more short term, there is an interesting article in the San Fran Chronicle today - "It is 'almost' never a good idea to sell stocks". Has an interesting quote from Peter Lynch - "Far more money has been lost by investors in trying to prepare for market corrections than in corrections themselves" The only time it makes sense to sell the stock is if the reasons that you invested in the Co are have changed, such as mgt., products, comp adv, regulatory environment, etc. Just my 2 cents. (With my sense of timing, the market will probably tank tomorrow and everybody will trash me for rationalizing the Buy and Hold theory). Regards Alok