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


To: JDN who wrote (13501)1/15/1999 8:48:00 PM
From: Jeff Mills  Read Replies (1) | Respond to of 64865
 
I still find SUNW cheap. Market cap is under $40 Billion. I could see Sun trading up into $130 level with ease. There it would be worth 50 Billion.

Sun is a "light" stock; in other words it only has about 380 MM shares outstanding. Therefore, every $1 it goes up it only adds $380 MM in marketcap.

Meanwhile, MSFT--with a marketcap of $373 Billion, has 2.49 Billion shares outstanding. Todays $8 up move in MSFT added almost $20 Billion in marketcap. $20 Billion in one day!

I see $130 within 2 months. $157 is my year high ($60 billion cap level).

Bought more Sun today.