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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Chris who started this subject8/29/2001 4:42:13 PM
From: Paul Shread  Read Replies (1) of 52237
 
Sun Microsystems (SUNW) 13.43 -0.13: Company warning on conference call. Details to follow...

Sun Microsystems (SUNW) 13.43 -0.13: In mid-quarter update, says that current qtr has proven to be quite challenging... order rates through week eight of qtr are less than what they expected six weeks ago... at current rate, says it will be difficult to hit $3.7 bln break-even point in revenues (current consensus is $3.8 bln)... notes it would take a very large month in Sept. to hit the break-even point, but indicates it wouldn't count on that at this point.... SUNW -0.61

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