I am quite surprised to see Sun Microsystems lying pretty low. This should qualify as a good contrary bet in the stock markets. I have always been impressed a lot by the ability of Sun Microsystems to grow as a company. I understand that some of the core businesses of this company aren't doing very well and that there is increasing competition but that is no reason for the stock to be beaten down completely. This is a classic case of the stock markets and the depressed sentiment in the markets beating down a stock below its intrinsic value. I see a 40-50% upside in this stock in the next one year and this is a reasonable target.
$11.61 (06/14/08)
