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Technology Stocks : All About Sun Microsystems
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To: alydar who wrote (63727)3/6/2006 4:21:56 PM
From: sixty2nds  Read Replies (1) of 64865
 
12:10 SUNW Notable Mention: Sun Microsystems (4.56 +0.13)

This morning, Caris published a note on SUNW, saying they believe that there is evidence that SUNW's board -- at who's pleasure CEO McNealy serves -- has recently become more active in discussions with line mgmt as well as playing a role in convincing Board member and retired CFO Michael Lehman to return to the position of the co's CFO. When the firm last spoke with Mr. McNealy about his plans, he indicated that he was staying on "until the job is done." They say he concurred that finishing this job meant at least three things: Reestablishing product superiority, regaining control over costs and igniting demand in a broad and balanced customer base. They believe these three criteria have largely been met. Accordingly, firm will not be surprised if McNealy does indeed decide to step down. They think that leaving Sun in 2003 could very well have spelled doom for the co. In 2006, they suspect that the co could move on, perhaps to even greater accomplishments.
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