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Technology Stocks : All About Sun Microsystems

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To: Martin Milani who wrote (15427)	4/15/1999 4:16:00 PM
From: Anaxagoras	Read Replies (3) of 64865

So no surprises here, in line with estimates. Here's the TSC blurb from this morning on estimates: <<The 20-analyst First Call consensus earnings estimate for the company is 35 cents a share on a postsplit basis (Sun's 2-for-1 stock split announced at the start of the year went into effect Monday). "The math's simple" on Sun's heady valuation, says Amit Chopra, an analyst with Credit Suisse First Boston who rates the stock a buy. Chopra says strong sales in servers, services and two Internet-related businesses should give Sun year-over-year revenue growth of 20% or more. "Hewlett-Packard (HWP:NYSE) and IBM (IBM:NYSE) can't touch that growth." (Credit Suisse First Boston is not an underwriter for Sun.) Third-quarter revenue is expected to be around $2.9 billion for the company, up from $2.36 billion in its second quarter. Sun's fiscal year ends in June. >> Anaxagoras

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