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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (40125)	9/27/2000 6:47:07 AM
From: Mephisto	Respond to of 77400

Sun to grow even if economy slows-McNealy CANBERRA, Sept 25 (Reuters) - Sun Microsystems Inc. founder and chairman Scott McNealy said on Monday he sees continued prosperity for the largest maker of computer servers even if, as he fears, the U.S. economy hits a downturn. ``I am nervous about oil prices, I think that's a big issue, and I think -- I hope I'm wrong --but I think we've had some horribly ill-timed interest rate moves that, you put on top the oil thing, and we could slow this thing (the U.S. economy) down big time,'' he told a media luncheon in Australia's capital. ``The good news about (Sun Microsystems') stuff is that if business is good, people buy all our stuff, and when business is bad they all re-engineer their businesses and buy our stuff.'' McNealy has been a vocal critic of the U.S. Federal Reserve's policy of raising interest rates to slow U.S. growth and dampen inflation, arguing that low unemployment, high productivity and rising wages are good for any economy. McNealy said Palo Alto, Calif.-based Sun, the largest maker of computers that serve up Web pages, has grown every year and made a profit every year since inception 18 years ago. ``So I think that, at least for the foreseeable future, we're going to be busy, even if there is a big downturn.'' McNealy declined to provide sales targets, saying only that ``our targets are big''. He said the revenue warnings on Thursday from semiconductor maker Intel Corp. were an indication of how the world had shifted away from Intel and Microsoft Corp.'s . ``Last quarter Microsoft grew, I think, one percent in revenue. Intel is going to grow 3 or 4 percent, I think they said, this quarter. What we're seeing here is the Win-tel thing has stalled, and in fact is losing share ... big time.'' The warning from Intel that its third-quarter sales would be up only 3 to 5 percent due to weak European demand for its microprocessors sent leading technology issues lower on Friday. McNealy said there were no similar concerns for Sun. ``We've grown 42 percent, for instance, in the last quarter, and grew backlog... So I like our position, I like where we are, all of these Internet initiatives and all these devices are going to have a Java browser.'' Java, the programming language developed by Sun, runs on devices ranging from video game machines to lottery machines. biz.yahoo.com ****************************************************** DEAR JDN, I imagine CSCO will have another great quarter as well next time around, contrary to the BEAR VIEW. Mephisto