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Technology Stocks : All About Sun Microsystems
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To: Ben Antanaitis who wrote (10143)6/17/1998 4:19:00 PM
From: uu  Read Replies (2) of 64865
 
Oracle just reported 41 cents/shr (beat the estimates by 3 cents), and Progress Software also reported this morning and beat the estimates by 6 cents. PRGS stock went up by about $9 today, and Oracle is already trading up in after hours by about $2/shr.

These 2 companies (one small, and the other one a giant) both are commited to Sun's technology 100% and obviously are making money as a side effect of it. Therefore I have a very strong feeling Sun will at minimum meet the estimates (if not beat them).

Regards,

Addi Jamshidi
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