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

To: Tecinvestor who wrote (15338)	4/10/1999 11:48:00 AM
From: Haim R. Branisteanu	Respond to of 64865

Judging by the bullishness on this tread and the recent overshoot of SUNW stock price above the relative price of WS reports I can only conclude that SUNW is heading lower. Not in a straight line but substantially lower. One more comment to those buy recommendation. Lehman not only makes a market in SUNW and not only managed or co-managed POS for SUNW but also sits on SUNW board of directors. Now are their report unbiased ?? <GGG> with a target of $135 or 40 times Y2000 earnings. In another vein I have only positive thinks to say about SUNW the company. But Java is for free, HWP comes out with very powerful servers as is IBM and all 3 (IBM, HWP, SUNW) including CPQ, MSFT and ORCL and others, are purring hundreds of millions each in E-Commerce. Intel and DELL & other white box makers will not sit idle for long and cover the low price servers. Remember Sub $1000 PC was a myth, now we have Sub $500 PC same game in servers and power station. Usually competition brings prices down and lowers profit margins. SUNW P/E will return to the mean. Now I will let the bulls make the math. On stock price only, my recommendation is to SELL SUNW holdings or at least make sure you are properly hedged. No need for a response but lets speak in 9 months. BWDIK Haim