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Technology Stocks : All About Sun Microsystems

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To: FNS who wrote (47586)	3/4/2002 2:46:39 PM
From: craig crawford	Read Replies (1) of 64865

In other news, shares of Sun Microsystems (NasdaqNM: SUNW - news) rose 4 cents to $8.97 recovering from losses earlier in the session after Merrill Lynch analyst Steven Milunovich said his earnings estimate for Sun's fiscal third quarter is at risk. Mr. Milunovich said in a report released Monday that based on his checks, business in the U.S. is weak, particularly for high-end systems, though prospects in Europe appear better. The analyst is calling for the computer hardware and software maker to post revenue of $3.25 billion and a loss of 2 cents a share, but said the numbers could be lower. Sun is holding a mid quarter business update after the close of trading Thursday.

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