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Technology Stocks : All About Sun Microsystems
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From: QwikSand9/20/2008 5:09:19 AM
   of 64865
 
From a current NYT article headlined "Pain Spreads as Credit Vise Grows Tighter" (that's P-A-I-N not P-A-L-I-N)

nytimes.com

...Henry Kaufman, a Wall Street economist, ticks off the alternatives and discounts them. Exports could carry some of the load, but the surge in the first half of the year is fading as European and Asian economies weaken. Here at home, capital spending by business on new buildings and equipment could provide a lift, but that, too, is beginning to fade as corporate profits — and demand — weaken. Just Wednesday, FedEx announced that profits had shrunk in the latest quarter as freight traffic declined.

FedEx used to be a marquee customer for Sun, 15 years ago.

It's entirely possible, in fact quite likely, that capital spending in this downturn will be hit hard enough for long enough to finally put Sun Microsystems out of its misery.

--QS
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