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


To: Paul Reuben who wrote (39354)12/17/2000 12:15:15 PM
From: QwikSand  Read Replies (1) | Respond to of 64865
 
Is this accurate?

No. Sun did respond to the accounting rumors last week with a one-sentence denial. It didn't affirm estimates or even mention them as part of the denial.

--QS



To: Paul Reuben who wrote (39354)12/17/2000 12:49:50 PM
From: techtonicbull  Read Replies (1) | Respond to of 64865
 
Reiterating a rumor and a denial of a rumor is like spreading a rumor. It is BS. If SUNW denied the issue that should be it.



To: Paul Reuben who wrote (39354)12/17/2000 12:57:12 PM
From: turnmore  Respond to of 64865
 
Here is the statement from Lehman.

PALO ALTO, Calif., Dec 11, 2000 /PRNewswire via COMTEX/ -- Sun Microsystems, Inc. (Nasdaq: SUNW chart, msgs), today released the following statement from Michael E. Lehman, Executive Vice President Corporate Resources and Chief Financial Officer:
"Over the last few days, there have been rumors in the market to the effect that Sun Microsystems, Inc. has experienced 'accounting irregularities' or 'revenue recognition' problems. These rumors have no basis in fact and are false."

Source: Sun Microsystems, Inc.

Contact: investors, Mark Paisley, 650-336-2238, or mark.paisley@sun.com, or press, Elizabeth McNichols, 650-786-0368, or elizabeth.mcnichols@sun.com, or industry analysts, Angela Grady, 650-786-7252, or angela.grady@sun.com, all of Sun Microsystems, Inc.
URL: sun.com