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

To: cheryl williamson who wrote (40544)	1/18/2001 4:52:15 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 64865

Cheryl the problem is ORDERS - +32% ......... from that one can assume that SUNW growth rate slowed. Operating margins are better than last year by 0.5% .......... but to your assumption of 60% earnings growth see Interest income of 91 million. That is why SUNW is trading now around $34. Tomorrow will be interesting. Haim

To: cheryl williamson who wrote (40544)	1/18/2001 4:54:09 PM
From: cheryl williamson	Respond to of 64865

Here are briefs from McNealy & Lehman. This is pretty much what they will say in conference: "Even with the market dynamics the way they are, we still gained more market share this quarter than in previous quarters," said Scott McNealy, Chief Executive Officer of Sun Microsystems. "The numbers continue to tell the story, regarding customer acceptance of our products, service and support on a global basis." McNealy added , "Our new UltraSPARC(TM) III based system products are rolling out in volume. Recently, we formally announced a new line of server appliance products as well as an extension to the Netra(TM) product family, the Netra(TM) X1, the first Solaris(TM) server incorporating the Sparc(TM) Microprocessor, selling for under $1000. In addition, we announced the Sun StorEdge(TM) T3 array support for the Windows, NT, HP-UX, IBM AIX, and Linux system platforms". McNealy concluded, "With our geographically diversified base and our leading market position, we are poised to take advantage of the market opportunities available to us. Current market conditions will clearly separate the leaders from the followers." Michael E. Lehman, Sun's Executive Vice President of Corporate Resources and Chief Financial Officer, commented, " In a quarter that was a clear example of the volatile dynamics of our industry, our team really delivered like no one else in the industry can." Lehman added "The strength of our world wide business was clearly evident with significant revenue growth in all of our major geographies, particularly Europe and many parts of Asia." Lehman concluded, "Going forward, we have not changed our message regarding our intention to invest aggressively for market share while, at the same time, delivering on our commitment to generating competitive earnings for our shareholders."