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Technology Stocks : All About Sun Microsystems

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To: Pierre who wrote (6860)	1/15/1998 5:37:00 PM
From: uu	Read Replies (1) of 64865

Pierre: After reading that negative spin I thought to examine it in detail just for fun! It says: Sun said that, in its second fiscal quarter ended Dec. 28, its net income fell to $149.4 million from $178.3 million... Now exactly what does this mean?! Even I who do not have a degree in rocket science know that the compariosns should be done against the same period in previous year due to obvious reasons of seasonal demands and sales/marketing issues! Then the spin continues to say: ...and diluted per share earnings dropped to 38 cents from 46 cents. Excluding the $110.1 million in charges, Sun said its profits rose 25 percent* to $223.2.* Now this is even more interesting!! It is as if this guy loves to make an ass out of himself by contradicting himself! First he compares the numbers to the previous quarters and states his negative spin taken out of context and then (perhaps by law he is required to state some of the facts) continues saying but you know what the profits rose by 25%! I do know one thing though for sure, all these stock analysts are a bunch of educated individuals with B.S degrees in stock analysis (and by B.S degree I do not neccessarily mean the Bachelor of Science degree)! Regards, Addi Jamshidi

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