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

To: Jeff Mills who wrote (13509)	1/15/1999 11:37:00 PM
From: Howard Bennett	Read Replies (2) \| Respond to of 64865

That's very odd. Your rational for establishing a target price is bizarre at best. EPS growth FY1999 to FY2000 is 18% Right now SUNW is trading at 30 times year 2000 earnings. I realize that anything "internet" means you throw out fundamentals -- but SUNW is very overextended. I am here in Silicon Valley and know several people in SUNW management and they are happy as pigs in sh*t. But they have been selling into this rally big time -- they realize that the rise in their stock price is not due to fundamentals -- but rather the high profile SUNW has in the media because of the Microsoft trial. If I were you I'd get ready to protect your SUNW position with some PUT's. The day of reckoning is coming.