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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (8509)	8/29/2001 6:47:35 PM
From: Bill Harmond	Read Replies (1) of 57684

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 Sep to hit the break-even point, and indicates it wouldn't count on that at this point.... SUNW -0.61 Sun Microsystems (SUNW) 13.43 -0.13: -- Update -- Notes that it will exit Q1 with about 500 fewer employees than it did in prior qtr... says that fiscal Q1, on a linear basis, is running a bit less than normal historically and is slightly less on a linear basis than what was seen at this time in prior quarter.... indicates that Europe and Japan have clearly been the weakest regions versus its own expectations and that U.S. is just a touch behind what it was expecting... thinks break-even revenue point is now probably a little lower than $3.7 bln given its expense management, but is refraining from providing concrete revenue guidance for qtr... SUNW -0.58

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