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Technology Stocks : Intel Corporation (INTC)
INTC 46.95-2.8%Jan 16 3:59 PM EST

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To: Raymond Thomas who started this subject4/2/2004 8:05:51 AM
From: Road Walker  Read Replies (1) of 186894
 
07:48 ET Sun Microsystems guides below consensus, to cut 3,300 jobs (SUNW) 4.19: Company guides below consensus for Q3 (Mar), now sees a loss of $0.06-0.08, ex items, vs Reuters consensus of ($0.03) on revenues of $2.65 bln vs consensus of $2.8 mln. Company will also reduce workforce by 3300, take related charge of $475 mln spread over next several quarters. SUNW also announces it has appointed current Exec V.P. Jonathan Schwartz as C.O.O. and Pres, effective immediately. McNealy will remain Chairman and C.E.O.
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