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

To: H. Wai who wrote (10324)7/3/1998 4:22:00 PM
From: Sueponine  Read Replies (1) | Respond to of 64865
 
From Smith Barney Research. "Sun generates approximately 11% of its revenue in Japan and 8% for the rest of Asia/Pacific. We are concerned that with recent expectations that the US dollar could reach 160 yen, Japan's 1998 GDP decreasing by 2% and capital expenditures decreasing by 8% during the year (vs. down 1% a month ago), Sun's total revenue growth could remain under pressure for the foreseeable future."
They lower the price target from $60 to $52.
Susanne.



To: H. Wai who wrote (10324)7/6/1998 3:54:00 PM
From: David Schubring  Respond to of 64865
 
I do not think that Smith Barney raised their rating back on March 10th so their clients could get out. I have a significant amount of shares in SUN and my broker is Smith Barney. I did not receive a call from my broker saying get out. In addition, I actually had a lengthly conversation with him saying that they still recommend having SUNW in my portfolio. Just my $0.02


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