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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dalin who wrote (37365)	5/30/2001 12:04:41 PM
From: stockman_scott	of 65232

RESEARCH ALERT-Goldman cuts Sun earnings forecast <<NEW YORK, May 30 (Reuters) - Goldman Sachs said on Wednesday it had cut its earnings forecast for Sun Microsystems Inc. (Nasdaq:SUNW - news) to 40 cents a share from 50 cents for the 2002 fiscal year after the network computer maker reduced its current-quarter profit and revenue forecast. Blaming economic weakness in Europe, Sun said per-share earnings on a pro forma operating basis for the quarter would be 2 to 4 cents, below Wall Street's forecast of 6 cents, while sales would be 10 percent or more below Wall Street estimates. In her report, analyst Laura Conigliaro wrote, ``We expect it will now take more dramatic and/or uncharacteristic measures to shake up the company and move away from some of its sacred cows.'' Those measures could include layoffs as well as the elimination of less critical research and development projects and acquisitions, she said. Shares of Sun closed Tuesday on Nasdaq at $18.67, though it fell further in after-hours trading on Instinet.>>

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