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Technology Stocks : All About Sun Microsystems

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To: Sonki who wrote (14896)	3/23/1999 7:43:00 AM
From: John Carragher	Read Replies (1) of 64865

Dow Jones Newswires -- March 22, 1999 Sun Micro CFO Says 3Q Going According To Co.'s Expectations NEW YORK (Dow Jones)--Sun Microsystems Inc. (SUNW) Chief Financial Officer Michael Lehman said he sees nothing "unusual" in the company's business that could hamper third-quarter financial results. "We don't give specific guidance," Lehman told CNBC in an interview Monday. "But obviously if we were terribly uncomfortable with (analysts' estimates) we would have found a way to communicate it to them." For the third-quarter ending March 29, 21 analysts expect Sun to earn 70 cents a share, up from 59 cents recorded in the year-ago period. "A couple of weeks ago, we were certainly characterizing business as in line with the expectations we had," Lehman added. In economically struggling Asia, the executive said Sun has experienced some signs of recovery. "In Japan, for instance, in the last couple of quarters we've seen sequential revenue growth," he noted. "And each quarter, revenue has been higher than a year ago."

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