Here's a thought...
Aside from
fundementals -- let's examine the psychology of the the
market. In recent weeks, Internet stocks have skyrocketed
to unheard of levels, leaving them with P/E ratios
in the 4000 - 5000 range, if a P/E at all (many are
still losing money). Now let's look at SUNW. It is
generating over $12 billion in sales, has billions in the
bank, and is generating hundreds of millions in net
profit. Futhermore, it is providing most of the internet
high-flyers with the hardware, and in many cases software, to
accomplish their internet tasks.
Now couple this
with the fact that SUNW is slowly evolving into a
hybrid -- hardware master vendor and master software
(JAVA -JINI) developer. Hmmmm...looks to me like SUNW
could be the next MSFT for real reasons -- GREAT
PRODUCT, GREAT EARNINGS, GREAT IDEAS. Maybe a new monopoly
of sorts? If this stock was an IPO, it would be
trading at 1000 rather than 110. If you see the vision,
BUY -- IMHO this stock will be at 1000 (presplit
price) in the next five years.