Sun's Trouble Will Make Other Tech Stocks Shine

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The impact of the Sun MicrosystemsSUNW news will be felt immediately ... in a further rise of the AmazonAMZN/eBayEBAY/Yahoo!YHOO/InterActiveCorpIACI cohort. That's because mutual fund managers who have been trying to buy "value-growth" in names like Sun Micro and OracleORCL will now throw their hands up and buy no-value-growth.

For many of you, the concept of buying growth at any cost is alien. The other night I predicted a further rally in Amazon on my television show -- which, by the way, I have been exquisitely right about -- and I got hit with ballistic emails from the four corners of the globe. People wanted to know how I could talk that way about Amazon!

That's not what I am saying. I don't own Amazon; it is too rich for me. I care about valuation. But most money is run the mutual-fund way, and with the exception of the index funds and a couple of well-known value guys, most money is run the way I am describing. That's why this Sun news, on top of the Oracle news, will cause more buying to occur in the more outlandishly valued areas of the market.

Not a recommendation, just a fact.