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> Analysts forecast that Analyst did also forecast that. (And the company did better than forecast for a while and the stock continued to rise - until it didn’
by kgwgk 1y ago
> Analysts forecast that
Analyst did also forecast that. (And the company did better than forecast for a while and the stock continued to rise - until it didn’t.)
https://www.forbes.com/1999/03/26/mu4.html https://www.forbes.com/1999/03/26/mu4.html
This morning [Merrill Lynch computer hardware analyst and long-term Sun Micro bull Steve Milunovich] increased his price target to $140 a share, or 42 times his fiscal 2000 earnings estimate of $3.30 a share on sales of $13.9 billion. For fiscal 1999, he expects the company to have earnings of $2.79 a share and sales of $11.62 billion. "Sun is increasingly at the heart of Internet computing. Its stubbornness in developing its own technology is paying off," says Milunovich.