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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Jeff Jordan who wrote (274)	5/29/2001 4:48:18 PM
From: Jeff Jordan	of 1227

SUNW....hmmm, who says GS doesn't have inside info? Luck??? yeah right!...very interesting....SEC....let's chase the REAL ToykoJoes of the world! PALO ALTO, Calif. (AP) - Sun Microsystems Inc. (NasdaqNM:SUNW - news), a leading maker of computer servers, lowered its revenue and profit forecasts for the current quarter. In a brief statement that did not provide specific reasons for the decreased estimates, Sun said revenue in its fourth quarter, which ends June 30, would be between $3.8 billion and $4 billion. That represents a significant drop from $5 billion in same period last year and $4.1 billion in the third quarter of this year. Sun expects the lowered sales figures to translate into earnings per share of 2 cents to 4 cents, excluding one-time events. Analysts surveyed by Thomson Financial/First Call were expecting earnings of 6 cents per share. Sun shares lost $1.80, nearly 9 percent, trading at $18.67 on the Nasdaq Stock Market before the announcement.

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