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

To: Charles Tutt who wrote (31096)	4/18/2000 7:52:00 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

As I understand it, IBM reported a steep decline in hardware revenues after the close. Indeed. And see the below except from Herb Greenberg on TheStreet.Com. Intel's number was bogus. As I sagaciously predicted (ahem) in #reply-31004, IBM was down and INTC came in with their usual crudely deceptive "upside" numbers. By now traders have gotten into the habit of seeing the sh*t behind Intel's shinola. That leaves MSFT on Thursday, which won't have an effect till Monday. I agree Charles: it will be interesting to see what happens tomorrow. There were a bunch of genuine upside surprises, so any of the things on your list could happen. My gut tells me the sum total will be some more "up" until Thursday. But that and a dime... --QS Groundhog Day: Like the Bill Murray movie, I feel like we just did this, but ... Intel (INTC:Nasdaq - news - boards) did it again. By that, I mean the only reason it beat first-quarter estimates was not because it did a better job making chips, but because it made more money than it expected from stock market gains. In fact, if it hadn't been for the better-than-expected stock market gains, the company would've missed the consensus estimate of 69 cents per share by a penny. The company announced that it had earned 88 cents per share, but 17 cents came from a tax credit, leaving 71 cents for "true" earnings. Taking a closer look at the numbers, Intel said that its interest and other income (which includes investment gains) generated $640 million of income. Last quarter, in the "outlook" part of its press release, the company was forecasting $500 million in interest and other income for the first quarter. That $140 million difference, after tax, breaks down to 3 cents a share. In other words, the grand total, based on Intel's prior guidance, would've been 68 cents. "What Intel has successfully done is call their 'earnings' chips profits and stock market profits," says Bill Fleckenstein of Fleckenstein Capital in Seattle, who was quite vocal here last quarter over the same issue. Of course, Intel bulls argued (loudly, as I recall) that it doesn't matter how Intel makes money as long as it makes money.

To: Charles Tutt who wrote (31096)	4/18/2000 8:07:00 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

Actually, after looking at some more earnings reports I came to the following conclusion. If we hadn't entered this phase of psychotic day-to-day volatility, when people saw what the current earnings situation as a whole really means for Sun, SUNW would go up to $120 with no sweat at all. I still wish they would get the US-3 & friends out the door already. But even so, you can't deny that Sun management has grabbed the brass ring this go-round. --QS

To: Charles Tutt who wrote (31096)	4/19/2000 12:04:00 AM
From: THE WATSONYOUTH	Read Replies (1) \| Respond to of 64865

Re: "As I understand it, IBM reported a steep decline in hardware revenues after the close." Not so for RS 6000 line, especially high end S80 series. From the press release: "Revenues also grew in IBM's Web server product line, which includes the RS/6000 and NUMA-Q products, with particularly strong demand for the advanced RS/6000 S80 model." The IBM RS 6000 line is now very competitive and should allow IBM to grow revenues once again. I even heard of two win backs from Sun. The market is so big that IBM, with a competitive product, will get its share regardless of Sun. But, as long as we see UltraSparc III systems by year end, I don't think Sun has anything to worry about. THE WATSONYOUTH

To: Charles Tutt who wrote (31096)	4/19/2000 6:09:00 AM
From: JDN	Respond to of 64865

Dear Charles: If you recall, I posted right after the release of results of operations that in my judgement they SANDBAGGED revenue ie stored some away for a rainy day. Your searching questions just add more sustence to my comment. JDN

To: Charles Tutt who wrote (31096)	4/19/2000 11:09:00 AM
From: Lynn	Respond to of 64865

Dear Charles: ML's Steven Milunovich and Alex Sheynkman released a new research report on IBM this morning [accumulate, buy, 12 month objective $125]. Shareholders of SUNW and EMC (as well as DELL) should like this paragraph: "IBM managed to beat the Street consensus by posting $0.83 per share, but it took some financial doing to do so. More important was the substantial revenue disappointment. Granted, Y2K was a problem (Unisys was a great predictor), but IBM is losing share to more focused players like Sun, Dell, and EMC." Regards, Lynn

To: Charles Tutt who wrote (31096)	4/19/2000 7:07:00 PM
From: Dennis	Read Replies (2) \| Respond to of 64865

Charles and others, just heard on cnbc (sorry) that sunw lost to hp both ebay and amazon....could anyone out there explain the impact this could have on sunw....remember, please, i am still trying to learn this stuff so be patient with me,gg,....TIA Am I close???.....ebay screwed up so much that sunw gave up on them. Amazon is losing so much money they probably can't pay the bills quick enough to please sunw so why not dump the problem in Hp's lap. gg TIA, again.