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


To: johnd who wrote (27488)2/9/2000 3:02:00 PM
From: briank  Respond to of 64865
 
SUNW News Alert Follows From EquityAlert.com

Sun Microsystems Ramps Up Storage Business; Takes Steps to Capture Increased
Share of Fast Growing Network Storage Market Promotes Jeff Allen to VP of New
Storage Sales Line of Business and Promotes Denise Shiffman to VP of Network
Storage Marketing

PALO ALTO, Calif., Feb 9, 2000 /PRNewswire via COMTEX/ -- Sun Microsystems
(Nasdaq: SUNW) today announced plans to dramatically increase its sales and
marketing activities to attack the exploding storage market. As part of its
expanded focus on network storage, Sun has created a new storage sales Line of
Business, promoted two executives to positions of increased responsibility, and
outlined initial details of a comprehensive network storage strategy.

"We are living in a world where digital information is the lifeblood of commerce
and community," said Ed Zander, president of Sun Microsystems. "As every person
and digital device connects to the Internet, it will create enormous demand for
our storage products and services. As a premiere platform provider for the
Internet economy, we continue to invest heavily in our storage business. We've
assembled the necessary people, products and technology to capture an increased
share of this fast growing network storage market."

Over the past two years, Sun has built an independent storage business that has
grown to become one the industry's foremost suppliers of open systems storage,
fibre channel storage, and open storage area networks.

"We have implemented several initiatives to further improve our ability to
deliver world-class storage products, services and support," added Janpieter
Scheerder, president of Sun Network Storage. "We recently established a
dedicated worldwide storage systems sales force to better support our customers.
Our increased investment in our enterprise services group -- the enterprise
practice around our storage -- has dramatically improved customer satisfaction."

Jeff Allen Promoted to Lead New Sun Network Storage Sales Development

Group

Effective immediately, Sun has promoted Jeff Allen, formerly vice president of
marketing for Sun Network Storage, to vice president of the storage sales Line
of Business, where he will implement focused programs to assist the network
storage sales, service and support efforts of Sun's worldwide sales
organization. Mr. Allen will report directly to both Janpieter Scheerder, Sun's
Network Storage president, and Frank Pinto, Sun's worldwide sales vice
president. Reporting to Mr. Allen's new group will be a team of sales, training
and support executives from Enterprise Services and Computer Systems.

Denise Shiffman Promoted to Network Storage Vice President of Marketing

Replacing Jeff Allen as vice president of marketing for Network Storage is
Denise Shiffman, a nine-year Sun veteran who has previously held various
management positions in Sun's desktop and server groups.

Shiffman most recently served as director of content services, where she
successfully guided the product development, marketing and business development
of the Jiro (TM) technology storage management standard and the Sun StorEdge(TM)
Media Central video server product line. Ms. Shiffman will continue to report to
Janpieter Scheerder, and in her new role will oversee Sun's expanded marketing
and partner development efforts.

Sun Attacks Market with Complete Family of Network Storage Systems and

Services

Sun offers customers a complete family of end-to-end data storage solutions.
Sun's products span server-attached storage, consolidated storage networks,
storage area networks, management software, remote management, data services for
high availability, and storage-specific professional services. The products
offer exceptional reliability, availability, scalability, manageability and
performance.

Sun provides a complete enterprise service practice offering remote storage
management. The Sun StorEdge HealthCheck software proactively diagnoses and
evaluates customer configurations to ensure a highly available environment. Sun
also assists customers with the design, installation and ongoing maintenance of
their storage. Recently enhanced professional services offerings provide
solutions for disaster recovery, backup and restore, and SAN implementation.

Sun has invested heavily in management software and data services this past year
and now offers Sun StorEdge Management Console software and Sun StorEdge
Component Manager software, two solid storage management products that provide
customers the ability to configure and re-configure storage, manage events and
check the health of their storage systems. With the introduction of Sun StorEdge
Instant Image software, a new point-in-time copy solution, customers can
eliminate downtime for back-ups and ensure data availability.

During the coming months, all Sun storage systems and management software will
introduce support for Jiro technology. Based on the Java (TM) 2 platform, Jiro
technology eliminates interoperability issues between storage systems,
management software and network devices, and is an important enabler of next
generation storage networks.

About Sun Network Storage

Sun Network Storage was formed by Sun Microsystems in July 1998, and is a
recognized multi-billion dollar industry leader in the UNIX(R) and open systems
storage market. Sun is changing the rules in network storage by delivering
software and hardware written to an open network architecture. Sun's commitment
to standards enables timely availability of new technology, investment
protection for existing technology, and a thriving partner community. The
comprehensive Sun StorEdge family of products enables customers to match storage
to the application while providing scalable capacity and performance in a
"pay-as-you-grow" architecture.

About Sun Microsystems, Inc.

Since its inception in 1982, a singular vision, "The Network Is The
Computer(TM)," has propelled Sun Microsystems, Inc. to its position as a leading
provider of industrial-strength hardware, software and services that power the
Internet and allow companies worldwide to ".com" their businesses. With $12.4
billion in annual revenues, Sun can be found in more than 170 countries and on
the World Wide Web at sun.com.

NOTE: Sun, the Sun logo, Sun Microsystems, Sun StorEdge, Java, Jiro and The
Network Is The Computer are trademarks or registered trademarks of Sun
Microsystems, Inc., in the United States and other countries. UNIX is a
registered trademark in the United States and other countries, exclusively
licensed through X/Open Company Ltd.

SOURCE Sun Microsystems, Inc.



To: johnd who wrote (27488)2/9/2000 3:58:00 PM
From: JDN  Respond to of 64865
 
Dear John D. First off, did you know my NAME is JOHN D.? Yep its true, you got my real moniker. But alas, not my brains. haha.
Did you know that EMC the PREMIER storage company BY FAR said the ONLY competition they have is Hitachi and SUNW. They rated Hitachi first in competition as they COPIED the original EMC equipment BUT are 2-3 years BEHIND. They rated SUNW second ONLY because at the time that question was answered they said SUNW had not yet formalized the direction they were heading in Storage. Sounds like that has JUST HAPPENED. SUNW will very likely be VERY successful in Storage as is EMC. Nice margins in that business too. Sooooo, looks like you will have to SUFFER through ever increasing revenue and margins for SUNW. JDN
PS: Dont you ever stop to think WHY SUNW stock soared in a piss poor market today?



To: johnd who wrote (27488)2/9/2000 4:16:00 PM
From: Alok Sinha  Read Replies (1) | Respond to of 64865
 
johnd,
I don't know which world you live in comparing SUN to Iomega. There are enough rational arguments out there that you can use for making your point about SUN being overvalued , but you shouldn't make ridiculous comparisons. Also you keep harping on 25% rev growth relative to PE of 120; CSCO rev growth was 50% and it commands a multiple of 200 plus - so relative to fast growing tech leaders it is not out of line.
With rev growth greater thn 25%, the EPS growth can easily be well over 50% if they choose to manage expenses.

Regards

Alok



To: johnd who wrote (27488)2/9/2000 4:32:00 PM
From: QwikSand  Respond to of 64865
 
John: I'm very familiar with Iomega. I made a few bucks off 'em even, and got out when it became obvious that it was a one-trick pony with a rack of Barnum & Baily-class clowns at the helm (all of whom are now gone, of course, along with a generation or two of their successors who are now doing kids' birthday parties).

If you honestly believe that there's any similarity, and I mean, any similarity, between SUNW and IOM, then I really had you pegged wrong. I thought you were merely ignorant. I grossly overestimated you.

IOM came out with one hit product, the original Zip drive. After that, what they did for an encore was 100%, unalloyed clownsmanship. It was over. The 1GB Jaz drive was extremely late, problem-plagued, and extremely overpriced. The 2GB Jaz drive is the worst, least reliable computer peripheral I have ever experienced, and it too was years late (even though it never really worked). Their Clik, Buz and tape products are ciphers. Peripheral companies make it a point of pride to put out lousy software, but for years Iomega wins the prize for the worst, and their current garbage is no exception. The only thing they've done since the original zip that's worth spit is the Zip 250, basically a bug-fix for the original Zip, but that was long after they missed their chance to redefine the market for removable low-capacity storage.

And what was it that finally popped a cap in Kim Edwards' butt? Not that he couldn't get a product out the door, no. That was just in the "sh*t happens" bin. It was that he talked the board into trying to work around the pervasive IOM incompetence by spending $20M on one of the stupidest ad campaigns in computer history, featuring the word "stuff". Branding!<g> After that he and the rest of the round red noses were gone. Still no products of course.

Notice the hallmarks of Iomega: the founders create one good product and leave. Technical innovation, execution, vision and leadership cease. Emphasis shifts to hype. Growth stalls, then falls. Class action lawsuits are brought, which management loses. Management tries to substitute hype for execution; then the board substitutes management, multiple times. For most of IOM's history, the best that could be hoped for was a turnaround. It's a classic Harvard Business School case of how to kill the goose that laid the golden egg.

If you'll also notice, it is the diametrical, exact opposite of SUNW, which features world-class long-tenure management, a clear and innovative vision, (mostly) solid execution, a steady stream of profitable new products, steady growth, technical leadership that outweighs hype, calm and methodical problem solving, etc. etc. etc.

If you mention IOM and SUNW in the same breath, you prove yourself ignorant. Maybe we had all the proof we needed before, but there's no question now.

Short some SUNW while the window's open, John.

Regards,
--QwikSand