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Technology Stocks : All About Sun Microsystems

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To: uu who wrote (6890)	1/15/1998 6:52:00 PM
From: Beachbumm	Read Replies (1) of 64865

Addi, I concur that it is an excellent report. It looks like gross margins increased a couple points (I quickly calculated from 49% to 52%) which is why earnings grew more than revenues. It is obvious that the reporter (who is certainly no journalist) doesn't have a clue about operating earnings, charges, etc. The only thing I am wondering about (as is the entire market) is whether we just haven't seen yet the real impact of Asian clients withdrawing orders or becoming late pays, no pays, etc. I don't buy the notion that Europe will suddenly become a bastion of growth and save our beloved techs. Beachbumm

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