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

To: Marvin Mansky who wrote (26555)	1/20/2000 10:06:00 PM
From: E_K_S	Respond to of 64865

Hi Marvin - I held my nose and bought a few $85 shares to go with my $10 shares. I was never very good at timing my buy's but I figure my overall investment should do well. My average cost per share is now at $25. From the earnings report, it appears that SUNW's management is implementing their business plan quite well and the outlook for the industry is excellent, growing at a higher rate than SUNW's current growth of 30%. Here is an article from today's Technology News 01/20/00, 5:59 p.m. ET Sunny Profits For Sun Micro's Second Quarter By Reuters PALO ALTO, Calif -- Sun Microsystems, a developer of computerworkstations, servers, and software for networked computing, said Thursday its fiscal second-quarter net income rose about 30 percent on strong demand for its workgroup andhigh-end servers and services. Palo Alto, Calif.-based Sun said profits rose to $353 million from $273 million, excluding one-time items in the year-ago quarter. Earnings per share were 21 cents, up 24 percent, excluding one-time items in the year-ago quarter. The consensus on Wall Street was for earnings of 20 cents a share, according to First Call/Thomson Financial. Including acquisition-related charges, Sun's earnings in last year's second quarter were $261 million, or 16 cents a share. Revenues rose 27 percent to $3.55 billion in the quarter ended Dec. 26, 1999, from $2.8 billion last year. In the first quarter, Sun had forecast that revenue growth would be slightly above 20 percent in the second quarter, due to the level of its backlog of orders in the first quarter. "We are very pleased to have set an all-time record for quarterly revenues this early in the fiscal year," Sun CFO Michael Lehman said in a statement. "During the quarter, we experienced particularly strong demand for our workgroup servers [and] high-end servers and services.' Sun has made big inroads in the past year, marketing its servers and software to many Internet companies, including startups, with its "dot com" campaign. Sun's servers power many heavily trafficked Internet sites, such as eBay. ========================================================== Sun Microsystems Inc (SUNW) SUN MICROSYSTEMS INC chief financial officer Michael Lehman said that he expects the company's revenue growth in the second half of fiscal 2000 to be similar to the first half, or around 25%. Lehman said that based on the company's backlog of orders and indications from customers, he expects overall revenue growth rate in the second half to be about the same as in the first half of fiscal 2000, or about 25%. "However if there are significant opportunities beyond these assumptions, we will take advantage of them," Lehman told analysts on a conference call. (Reuters 05:16 PM ET 01/20/2000) =========================================================== This was also very good news. I hope SUNW has other deals in the works with ENRON, something perhaps to do with virtural private networks....NOTICE that SUNW also got the storage hardware and software business too not EMC! Sun Microsystems Inc (SUNW) ENRON CORP's Internet communications unit, and SUN MICROSYSTEMS INC said they had agreed to a deal worth about $350 million to Sun to accelerate the adoption of high-speed Internet services. The companies said Sun had agreed to provide the computers and data storage necessary for Enron to launch an ambitious expansion plan to build out its Internet-based fiber and satellite communications network. The deal calls Enron's Enron Broadband Services unit to buy 18,000 Sun Netra computers servers that will be used to aggressively build out the communications network of Enron to 2,000 locations worldwide. (Reuters 04:02 PM ET 01/20/2000)