Your post the night of INTC's warning from Briefing , that INTC was "old " news was timely and proved correct.
The Nasd being buoyed now by what is being called the new "fab 5"...ORCL NT EMC CSCO and SUNW...
INTC and MSFT no longer considered in the sphere of the new
growth Techs...
(CSCO facing some market share being taken away from JNPR )
As for SUNW ,Scott McNealy sees continued growth even with an economy slow down:
SUNW.O> to grow even if economy slows-McNealy
CANBERRA, Sept 25 (Reuters) - Sun Microsystems Inc.
<SUNW.O> founder and chairman Scott McNealy said on Monday he
sees continued prosperity for the largest maker of computer
servers even if, as he fears, the U.S. economy hits a downturn.
"I am nervous about oil prices, I think that's a big issue,
and I think -- I hope I'm wrong -- but I think we've had some
horribly ill-timed interest rate moves that, you put on top the
oil thing, and we could slow this thing (the U.S. economy) down
big time," he told a media luncheon in Australia's capital.
"The good news about (Sun Microsystems') stuff is that if
business is good, people buy all our stuff, and when business
is bad they all re-engineer their businesses and buy our
stuff."
McNealy has been a vocal critic of the U.S. Federal
Reserve's policy of raising interest rates to slow U.S. growth
and dampen inflation, arguing that low unemployment, high
productivity and rising wages are good for any economy.
McNealy said Palo Alto, Calif.-based Sun, the largest maker
of computers that serve up Web pages, has grown every year and
made a profit every year since inception 18 years ago.
"So I think that, at least for the foreseeable future,
we're going to be busy, even if there is a big downturn."
McNealy declined to provide sales targets, saying only that
"our targets are big."
He said the revenue warnings on Thursday from semiconductor
maker Intel Corp. <INTC.O> were an indication of how the world
had shifted away from Intel and Microsoft Corp.'s <MSFT.O>
Windows.
"Last quarter Microsoft grew, I think, one percent in
revenue. Intel is going to grow 3 or 4 percent, I think they
said, this quarter. What we're seeing here is the Win-tel thing
has stalled, and in fact is losing share ... big time."
The warning from Intel that its third-quarter sales would
be up only 3 to 5 percent due to weak European demand for its
microprocessors sent leading technology issues lower on Friday.
McNealy said there were no similar concerns for Sun.
"We've grown 42 percent, for instance, in the last quarter,
and grew backlog... So I like our position, I like where we
are, all of these Internet initiatives and all these devices
are going to have a Java browser."
Java, the programming language developed by Sun, runs on
devices ranging from video game machines to lottery machines.
Sun shares closed on Friday at $118-1/16, up $1-5/8.
((Andrea Hopkins, Canberra newsroom +61-2 6273-3701, fax
+61-2 6273 2842, andrea.hopkins@reuters.com))
REUTERS |
