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

To: Mephisto who wrote (14693)	3/11/1999 10:48:00 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

I'm curious to see what the market does with Microsoft tomorrow. 4.2 vs. 3.77 is only about an 11% Y/Y revenue growth rate. Maybe some of that MSFT money will come our way ... Or maybe MSFT really is teflon coated. JMHO, of course.

To: Mephisto who wrote (14693)	3/12/1999 1:55:00 PM
From: Alok Sinha	Read Replies (1) \| Respond to of 64865

It took ORCL a long time (2 years) to build back credibility and have an expansion in P/E. Given the problems that Enterprise software vendors have had SAP, BAAN, PSFT, etc. it was amazing that ORCL stock over the last 3 months was able to defy gravity (and logic) and keep going higher. People were looking for an excuse to bail out since the risks associated with this sector are increasing considerably as we approach Y2K. Through consulting, services and Internet related growth ORCL has (and will) weather the Y2K slowdown better than most. But even after today's drop, I think there is further room on the downside. I traded ORCL put options a few times (without making much money mainly due to bad timing) based on my view that the stock was overpriced. Unfortunately didn't have any current position. The regional breakdown of growth does look reasonable (most of the growth figures are relative to smaller bases; US is where the meat is), and overall earnings also look OK. Just not blow-out to justify 50+ P/E. I think a dead cat bounce is in order over the next few weeks. The investor reaction just goes to show that actual EPS and revenue growth ultimately does matter. But people who got in the low 20s (pre-split) probably don't care. As I have said earlier, among my tech holdings I feel most comfortable with SUN (and to some extent with ASND, because of LU). Inspite of MSFT's pronouncements, PC related hardware stock appear particularly vulnerable. Also small and mid-cap tech stocks have gotten trashed in the last month and a half (even those with strong earnings growth) which is very disturbing. I guess it is time to get into dull sectors like oil and financials. Regards Alok