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Technology Stocks : All About Sun Microsystems

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To: Carmine Cammarosano who started this subject	5/23/2002 5:56:15 PM
From: Just_Observing	Read Replies (1) of 64865

Sun sticks to its guns Server maker says it's still on track to turn a profit. Technical glitch cuts conference call short. May 23, 2002: 5:36 PM EDT Executives of Sun Microsystems Inc. on Thursday reaffirmed their financial targets for the current quarter during an abrupt conference call that was cut short by a technical glitch. As Roseanna Danna would say - "Never Mind" money.cnn.com While Sun reiterates guidance, IBM starts job cuts First round of cuts focuses on server division, but more are expected; magnitude of cuts unclear. May 23, 2002: 4:21 PM EDT By Richard Richtmyer, CNN/Money Staff Writer NEW YORK (CNN/Money) - IBM Thursday began quietly laying off employees at its facilities across the United States, confirming rumors that have been swirling amid the tech titan's ranks for weeks. Most of the cuts this week are taking place in the company's server division, IBM spokeswoman Carol Makovich said. She refused to provide specific numbers or name specific locations that were affected. money.cnn.com

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