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Technology Stocks : All About Sun Microsystems

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To: cheryl williamson who wrote (28260)	2/24/2000 4:57:00 PM
From: QwikSand	Read Replies (1) of 64865

Isn't this the same guy who just raised SUNW from "boring" to "outperform" last week? --QS RESEARCH ALERT - Sun Microsystems raised to buy CHICAGO, Feb 24 (Reuters) - ABN AMRO analyst Jonathan Ross said Thursday he upgraded his rating on Sun Microsystems Inc. (NASDAQ:SUNW) to buy from outperform and raised his six-month price target to $115. -- Raised earnings per share forecast for the fourth quarter to 31 cents from 29 cents and fiscal year 2001 EPS forecast to $1.24 from $1.19. -- Earlier this week, Sun introduced two new classes of product programs aimed at the telecommunications equipment and Internet service provider markets. -- Said Sun possesses unique advantages as it attacks the telecommunications equipment market opportunity, including the ability to provide a tightly integrated hardware/software bundle that is highly-reliable. -- "We believe the new products will provide Sun the opportunity to extend its leading the telecommunications and service provider space," Ross said in a research note. -- Shares of Sun were off 1/16 at 94-9/16 on Nasdaq in midday trade. Copyright 2000, Reuters News Service

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