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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (34543)	8/18/2000 2:08:01 PM
From: Mephisto	Read Replies (1) of 64865

Also, I expected the techs to sell-off today, because it is Friday. I had forgotten about option expirations as well. I am beginning to think SUNW is the CSCO of the internet. Not only in terms of servers, but in computers as well, unless server falls under the computer category, and maybe it does. When I saw computer I thought of workstations. NEW YORK, Aug 16 (Reuters) - Bear Stearns analyst Andrew Neff raised his outlook for earnings per share (EPS) and revenues from Sun Microsystems Inc.(NasdaqNM:SUNW - news) on Wednesday. -- maintained buy rating on the shares. -- "We are raising our FY01 (EPS) estimates from $1.30 to $1.35 and our FY02 estimates from $1.60 to $1.65 ... -- The hike reflects ``our increased revenue estimates (from $20.38 billion to $20.61 billion for FY01 and from $25.48 billion to $25.68 billion for FY02).'' -- changes based on increase in demand relative to previous expectations. -- Sun Micro executives updated outlooks on Tuesday. -- ``Sun management indicated that demand trends were ahead of its expectations.'' -- Sun Micro is the largest maker of computers that serve up Web pages.

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