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Technology Stocks : All About Sun Microsystems

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To: Carmine Cammarosano who wrote (758)	3/5/1997 5:55:00 PM
From: Darlene Liebrock	of 64865

I just "borrowed" this from the WSJ: " Sun Micro Dn 4% As Goldman Warns Of Yen Effect On Earnings NEW YORK (Dow Jones)--Sun Microsystems Inc. (SUNW) fell 4% after Goldman Sachs & Co. cautioned that the company's third-quarter results could come in below estimates due to effects from the weaker Japanese yen. In a research note, analyst Laura Conigliaro said Sun and other systems companies' March quarters may be hurt by currency effects following a 15% decline in the value of the yen over the past two months. While Conigliaro said Sun ''seems well positioned to achieve our EPS targets for the March quarter,'' she cautioned that revenue and order growth could come in slightly below the firm's estimates due to currency effects. She noted that Sun Microsystems has heavier exposure to Japan, often about 20% of revenue for the third quarter, than other networkers. Analyst Jay Vleeschhouwer of Josephthal Lyon & Ross Inc. agreed Sun's results for the quarter could be impacted by the weaker yen. ''Any company that is doing any meaningful business in Japan is going to be affected in some degree,'' he said. " I love the way that Wall Street does their math!

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