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

To: Charles Tutt who wrote (30651)	4/13/2000 4:23:00 PM
From: SecularBull	Read Replies (3) \| Respond to of 64865

04/13 3:47P Sun Microsystems Reports Stronger-Than-Expected Earnings NEW YORK -(Dow Jones)- Sun Microsystems Inc.'s fiscal third-quarter earnings topped analysts' estimates on brisk sales of server computers. Unlike other computer makers, Sun Micro (SUNW) has managed to escape woes associated with a corporate lockdown on purchases tied to year 2000 related concerns. Palo Alto, Calif.-based Sun Micro said net income came to $508.1 million, or 30 cents a share on a fully diluted basis, compared with $261.7 million, or 16 cents a diluted share, in the year-earlier period. Revenue increased to $4 billion from $2.96 billion. The latest results included $112.2 million in investment gains and an acquisition-related charge of $4.9 million. Excluding those items, the company said it would have posted earnings of $436.2 million, or 26 cents a share. The mean estimate of analysts surveyed by First Call/Thomson Financial was for earnings of 23 cents a share. Sun Micro in February offered analysts a bullish outlook for the year based on continued strong demand for its computer servers and high-end workstations, plus sales of the new version of its Solaris operating system which rivals Microsoft Corp.'s Windows 2000. The company, which had $13 billion in revenue last year, also said it plans to pursue higher revenue growth rather than wider profit margins. Sun Micro aims to grab market share from International Business Machines Corp. and Hewlett-Packard Co. by investing heavily in developing supercharged Web servers and hawking complete packages or "stacks" of software, hardware, storage and services. Taking a page from Microsoft and other tech industry heavyweights, the company is investing millions in companies developing cutting-edge Internet-infrastructure, wireless and networking technologies. (Compiled from Dow Jones Newswires and other sources)