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

To: Charles Tutt who wrote (40609)	1/19/2001 11:44:03 AM
From: Charles Tutt	Read Replies (1) \| Respond to of 64865

Of course, another possibility is that it will recover fully and close up, like ADI did a few days ago. ;-) Edit: BTW, if it were to do that, the chartists might go wild, because volume today is pretty heavy. JMHO. Charles Tutt (TM)

To: Charles Tutt who wrote (40609)	1/19/2001 12:44:46 PM
From: DiViT	Respond to of 64865

Dark cloud falls over Sun shares Downgrades as company misses sales projection By Janet Haney, CBS.MarketWatch.com Last Update: 10:18 AM ET Jan 19, 2001 Newswatch Latest Headlines Get Alerted PALO ALTO, Calif. (CBS.MW) -- A storm cloud fell over shares of Sun Microsystems Friday, after the company reported a second-quarter profit that matched analysts' projections but missed Wall Street's sales expectation. In early trading, shares of Sun (SUNW: news, msgs) dropped $4.13 to $30.75, on volume of 23.2 million shares. Analysts were quick to react to Sun's earning news, released after the close of trading Thursday. SG Cowen, for one, lowered its rating on the company to a "neutral" from its previous outlook of "buy." Toni Sacconaghi at Sanford Bernstein & Co. also downgraded Sun shares, to a "market perform" rating, as a result of decelerating revenue growth, minimal prospects for stock appreciation and what the analyst called an uncompelling valuation. And Bear Stearns analyst Andy Neff lowered his fiscal year 2001 and 2002 estimates on Sun, but his viewpoint contained an element of hope. "We view the revenue shortfall this quarter and Sun's lowered FY01 guidance as macroeconomic demand issues and remain confident about Sun's competitive position as a flagship vendor of the new technology infrastructure," Neff wrote in a research note. www2.marketwatch.com