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Technology Stocks : All About Sun Microsystems

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To: Jan Crawley who wrote (41466)	2/22/2001 9:30:20 AM
From: Haim R. Branisteanu	Read Replies (1) of 64865

Thursday February 22 9:13 AM ET Sun Micro Exec Dismisses Merrill Report KUALA LUMPUR (Reuters) - An Asian executive of Sun Microsystems (NasdaqNM:SUNW - news) dismissed on Thursday a Merrill Lynch report that helped pummel its stock to a 52-week low, saying the firm was just taking a breather after 12-18 months of rapid growth. ``First of all, it's not a reality. It's a perception,'' Lionel Lim, vice-president and managing director for Sun in South Asia, said of the Merrill report. ``I don't know how they get their numbers and where they get their numbers from.'' Sun shares fell $2-5/8, or almost 12 percent, to close at $19-5/8 on Nasdaq on Wednesday, after talk of a possible earnings revision and a Merrill report that downgraded the stock to ``neutral'' from ``accumulate.'' Lim, however, could not guarantee there would be no bad news for investors when the company holds a conference call with analysts at the close of the U.S. market on Thursday. The teleconference is to be hosted by chief executive and chairman Scott McNealy and will coincide with the firm's fiscal third-quarter update dailynews.yahoo.com

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