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Politics : Formerly About Applied Materials
AMAT 268.79+4.6%3:59 PM EST

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To: StanX Long who wrote (57090)12/7/2001 3:23:13 AM
From: StanX Long  Read Replies (1) of 70976
 
Sun says orders on track
December 6, 2001: 6:00 p.m. ET
Without giving specifics, company says business is as expected.

money.cnn.com

Sun's losses deepen - Oct. 18, 2001
NEW YORK (CNN/Money) - Executives of Sun Microsystems said Thursday the company's business was tracking within their expectations, but at the same time declined to provide any specific financial forecasts.

"We just don't think it's appropriate right now, in these times, to give a range," Michael Lehman, Sun's chief financial officer, told analysts during a teleconference.

"It's just not a normal environment out there," Lehman added.

Thursday's teleconference was the first time Sun executives provided a formal business update to Wall Street analysts since they reported the company's fiscal first-quarter results on Oct. 18. But at that time, they also declined to provide specific financial forecasts and did not take questions, saying in a statement only that they expected a sequential increase in revenue.
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