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Technology Stocks : All About Sun Microsystems

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To: techtonicbull who wrote (47625)	3/5/2002 12:17:43 PM
From: Just_Observing	Read Replies (1) of 64865

Sounds like Milunovich is schizophrenic at times doesn't it? No, it seems that Milunovich will contort his facts to derive the conclusions he desires. Another case in point: The IBM Accounting fiasco (sale of business unit to JSDU) When the story broke, SM was the first guy to come on CNBC to defend IBM. One would assume that he had the facts then. Apparently not. His report on IBM Accounting issues which was issued yesterday: "With IBM under the microscope, we met with CFO John Joyce to discuss accounting issues. • We learned that the optical transceiver gain was $290 million or $0.12 per share. " It appears that SM just found out about the extent of IBM's gains only after meeting IBM's CFO (IBM used those 12 cents to beat eps estimates by 1 cent). So how was he defending IBM's accounting before that? SM does not seem to let facts get in the way of his opinions. Which qualifies him well for his present occupation.

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