The good news is that tech is getting oversold and could stage a rally, but we doubt the rally would last long.
Steven Milunovich
Can handle such a big job herself.
job big
This transaction does not appear to be unusual.
unusual
We believe that the accounting seems to proper and the company reports that it has been reviewed and approved by its auditors.
company
Although there are puts and takes along with substantial integration risks, we think our support of the deal will be rewarded. Cost savings and a more powerful vendor should result in a trade to at least the mid-0s; our sum-of-the-parts analysis comes up with 8 per share.
analysis risks powerful support share integration result savings trade
The average increase looks to be about 3 percent with the Europeans again being more optimistic.
optimistic
This contrasts with some surveys that find flat to down spending in 2002. We wouldn't split hairs; our conclusion is that users see a modest pickup.
find conclusion
Are not screaming bargains yet.
doubt good news stage
People are starting to realize that technology is cyclical.
technology people starting realize
Suggest that UNIX server growth across the industry is accelerating due to a solid Internet build-out. Sun is becoming the new IBM.
growth internet sun industry
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