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

To: Charles Tutt who wrote (16760)	6/1/1999 11:03:00 AM
From: chunmun	Read Replies (2) \| Respond to of 64865

is this an opportunity to buy sunw? bought at 57.5, this morning and then the downgrade came. any thoughts, are we going lower? thanks.

To: Charles Tutt who wrote (16760)	6/1/1999 11:05:00 AM
From: Mike Milde	Read Replies (2) \| Respond to of 64865

The Y2K worry isnt with Sun or UNIX. The problem is that many companies are delaying putting new applications into production until they are sure they get over the Y2K hump. That's the theory. My guess is that atleast as many old systems are being upgraded this year to avoid Y2K issues and new hardware is going into place for those new systems. It's anyone's guess I suppose. Mike

To: Charles Tutt who wrote (16760)	6/1/1999 11:07:00 AM
From: Eric.sun	Read Replies (1) \| Respond to of 64865

The guy doesn't have a clue about what he is talking about. The sad thing is the market listen to this kind of BS. I guess this won't last long maybe a day at most.

To: Charles Tutt who wrote (16760)	6/1/1999 11:20:00 AM
From: Stormweaver	Read Replies (1) \| Respond to of 64865

RESEARCH ALERT - Hewlett , Sun cut NEW YORK, June 1 (Reuters) - Banc of America Securities analyst Kurt King cut his ratings for computer maker Hewlett-Packard Co. and Sun Microsystems Inc. Tuesday to hold from buy. -- ''Our survey of corporate and public sector buyers over the last month leads us to no other conclusion than that we'll see a significant computer hardware spending falloff in fourth-quarter 1999 and, to a lesser extent, the first quarter of 2000,'' King wrote in a report. -- ''Our data support the idea the current demand environment is being helped by Y2K (the year 2000 ''millennium bug") pull-ins. -- ''This suggests tougher comparisons for the industry next year. However, once Y2K is behind us we expect the driver for individual companies to once again be market share gains and losses rather than variations in industry growth.'' -- Sun and Hewlett-Packard's "high forward multiples and exposure to (computer) lockdowns under which UNIX servers will be hardest hit lead us to step to the sidelines for now. -- ''We're reducing fourth-quarter 1999 and in some cases first-quarer 2000 estimates across most of the sector. Cuts vary according to each stock's customer and product mix.'' -- Hewlett-Packard's shares were off 2-12/16 at 91-9/16 and Sun fell 2-11/16 at 57-1/16.