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

To: Stormweaver who wrote (16121)	5/3/1999 6:24:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 64865

For once, couldn't agree with you more. There was an interesting comparison of P/Es of tech firms such as MSFT , CSCO with industrial / cyclical firms such as ALCOA, International Paper on Wall Street Week. I was shocked by how high the PEs of some of these well known cyclicals has gotten to during the last 1500 points run-up in the Dow. A number of them have training PEs of 80+. With growth rates on average that of the economy, and zero pricing power I wondor what is driving the rush into cyclicals at these levels. (Besides herd investment mentality of course). This type of froth scares me far more than narrow tech leadership or Internet only market. You may afford to overpay for a Mercedes (AOL, MSFT, etc) in a bid to buy into quality, but once you start buying Yugos (the cyclicals) at premium I think you are really in trouble. Apologies for the crude analogy to cyclical investors who are prospering in the recent run-up. Regards Alok

To: Stormweaver who wrote (16121)	5/3/1999 6:28:00 PM
From: Eric.sun	Read Replies (2) \| Respond to of 64865

Looks like Scott and Ed doing their duties for the company: biz.yahoo.com Any movement we would expect from this event? I have noticed the moving pattern of SUNW in past several months since last Oct is like going up for a couple days and going down several days after that and the average price is going up. The similar pattern has been observed in Cisco or Dell when they moved from 40B to 100B in market period. Would you believe SUNW is the next big guy like CISCO? Even though one can not predict the future just by looking at the past, but the successful tech do follow similar pattern. If the theory holds, we should see price moving up in the next several days to pass the previous peak at 66 on last Tuesday. Would anyone want to bet with me. Regards, Eric