All About Sun Microsystems Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: High-Tech East who wrote (36753)	10/18/2000 5:34:12 PM
From: Haim R. Branisteanu	Read Replies (3) of 64865

Ken, you offended me, but regardless, I think you should closely analyze SUNW quarterly report. Business is not as great as many want to belive. Yes they sold more than their guidance (big sheet) as they do guide lower on purpose, but there are to important numbers to remember and pay attention in the sequential growth!! Sales ware almost the same as during last quarter but profits were 20% lower for the same sales ($510/$660=0.82 )that is indicative of pricing pressure from competition and in my opinion will only get worst. There were also an increase of close to 279 million or half their profit ...... so what are those 279 million?? (numbers are from June 30, 2000) ...............................Oct1 ..... Jun 30 Other current assets 1434 ....... 1155 also increase in of around $400 million in hot air Long-term investments 4894 ...... 4496 and most important Accrued liabilities 2290 .........2117 Yes lots of hoopla in promoting but 30 cents instead of 36 cent last quarter on same sales. Well SCAM BAGS ARE SCAM BAGS Net income of $510 million represents an 85 percent improvement from the year-ago quarter. Last quarter, Sun topped analysts' estimates when it returned a profit of $659.5 million, or 39 cents a share, on sales of $5.02 billion. Wana more? .... see their operating and gross profit they are shrinking........... and do not forget to take out around $75 million in interest income which is more than double from last yers interest income wen it was $29 milliom !!!! Further the YoY comparison is also misleading. This year they had 13 weeks quarter versus 12 weeks last year, that is a 8.33% diference. So profit YoY for the SAME period grew only 47% and not 85% as reported or 0.17/0.276 Yes the SCAM BAGS know to play wiht the numbers and fact is that SUNW closed around 110 below yesterday close and as I write this teh SCAM BAGS are prep talking the stock worth not even 2% in stock value as I write this. Yaacov was a very smart guy today. Haim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next