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

To: Charles Tutt who wrote (37889)	11/16/2000 4:55:43 PM
From: chitral	Read Replies (1) \| Respond to of 64865

Wierd...the 5 min SI chart does not show the drop, but the 1-min chart does....

To: Charles Tutt who wrote (37889)	11/16/2000 4:59:25 PM
From: Steve Lee	Read Replies (1) \| Respond to of 64865

"With all this craziness it's hard to keep focus" No, I think it was more a case of skiing than anything else

To: Charles Tutt who wrote (37889)	11/16/2000 7:00:34 PM
From: Sonki	Read Replies (1) \| Respond to of 64865

In Q2, we are expecting that our revenue growth rate will be in the high 40s,'' Chief Financial Officer Mike Lehman told a conference call, regarding the year-on-year percentage change for Sun's fiscal 2001 second quarter, which ends in December. ================== rest of the story ----------- SAN FRANCISCO (Reuters) - Sun Microsystems Inc. (NasdaqNM:SUNW - news), the company that makes the Internet workhorse computers known as servers, is on track to meet its targets for the current quarter, company executives said on Thursday. ``In Q2, we are expecting that our revenue growth rate will be in the high 40s,'' Chief Financial Officer Mike Lehman told a conference call, regarding the year-on-year percentage change for Sun's fiscal 2001 second quarter, which ends in December. ``We continue to expect the annual revenue growth rate would be in the mid-30s,'' he added in the call, which began while the market was still open. ``We think Q2 margins will look a lot like Q1,'' he said. Gross margin, a measure of profitability, was 48.2 percent in the first quarter. Lehman said the margins were set to improve slightly in the second half of the fiscal year. Bear Stearns analyst Andrew Neff said business was going well as usual for Sun. ``Things are good,'' he said, blaming Sun's share weakness on the wider market. ``Last quarter they said things were accelerating in their mid-quarter conference call. They didn't say that this time. Some could take that as a negative but I think they are just always conservative.'' Sun shares closed off $6-11/16, or just over 7 percent, to $87-1/4, but ticked up to $88 after hours on the Instinet trading system. Sun, which concentrates on high-end servers that form the backbones of sophisticated networks, including those linked to the Internet, tried to face down doubts that have gripped the high-tech market in an uneven earnings season. President and Chief Operating Officer Ed Zander told the call that the margins were being affected by Sun's efforts to fill order backlogs and search for market share but not by price competition. Lehman said the order backlog would be reduced significantly for the first time in six quarters. Sun has had to pay more for components, for example, in order to meet the high demand. Fears over pricing have shaken other computer makers, especially those of less sophisticated personal computers, but Sun said demand for the high-end servers has not dampened. ``Demand is strong, there is no change from the last quarterly call,'' he added. dailynews.yahoo.com