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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (18183)	7/24/1999 10:33:00 AM
From: Sonki	Read Replies (1) \| Respond to of 64865

<sun runs 80% of Internet backbone traffic !! > this is a great report. thx. re: acquistions: SUN MICROSYSTEMS INC CFO Michael Lehman said the company filed a shelf offering with the U.S. SEC to raise up to $4 bln through the sale of common stock, preferred stock or debt securities. "We want to be ready to take full advantage of the opportunities," Lehman told analysts told analysts on a conference call. "We do not have any major planned acquisitions at this time. We have a number of initiatives that we plan to pursue that will let us use our balance sheet to encourage growth." The company also said financing debt was cheaper than equity, given the current interest rate climate. Lehman said the net impact of any such financing would not dilute future earnings. (Reuters 08:04 PM ET 07/22/99)