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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who started this subject1/16/2003 5:03:32 PM
From: Softechie  Read Replies (1) of 30712
 
Sun Micro to end mid-quarter updates
By Rex Crum
01/16/2003 16:56

Sun Microsystems CFO Steve McGowan said that due to uncertain visibility, the computer-hardware company would end its practice of giving mid-quarter business updates. McGowan said it was "difficult to provide a meaningful forecast" and did not give any earnings estimates for the company's current third fiscal quarter. Analysts surveyed by Thomson First Call are estimating Sun to post a loss of 1 cent a share for the quarter ending in March.
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