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

To: hoyasaxa who wrote (16536)	5/21/1999 8:13:00 PM
From: Stormweaver	Read Replies (1) \| Respond to of 64865

Last time it fell below 60 it promptly rebounded and returned above that level. But that's not the main point. It rallied @ 50 where it seems to have strong support. SUNW needs something other than iron to fuel future growth in an ever-competitive comp-hardware environment. The main point is that Sunw is "cheap" compared to "peer" companies (Dell, MSFT, etc) yet has greater long-term (10 years not 10 minutes) growth prospects. Therefore, unless a system-wide correction occurs, or an unforseen technological change that renders SUNW "Appled" (or "Betamaxed"), or a massive change in the capital structure, etc...SUNW appears like it should be worth more in three years than it is being valued by the market today. You should be comparing them to IBM & HP (other iron vendors) who's PEs are in the low 30's. Sun currently is 56. It couldbe worth more in 3 years but so could any stock.