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Technology Stocks : How high will Microsoft fly?
MSFT 478.03-0.2%12:36 PM EST

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To: Al Bearse who started this subject3/6/2002 3:36:50 PM
From: David Howe  Read Replies (1) of 74651
 
'Sanford C. Bernstein and Merrill Lynch brokerages said after checks with Sun resellers that they believed the company might have to admit in a Thursday conference call that demand, especially in the United States, was weak since corporations had not resumed spending frozen technology budgets.

They also reported that Sun employees and resellers were bracing for a new round of layoffs on top of last year's 9 percent cut in the work force, which cost nearly 4,000 jobs.

Sun was having trouble meeting demand for its low-end
v880 machine, built to head off Microsoft Corp's move into the high-end server market, but some resellers suggested that Sun could miss its forecasts if it did not deliver products as anticipated, he reported.'

Source : REUTERS


Meanwhile, Microsoft continues to hire
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