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

To: E_K_S who wrote (41164)	2/13/2001 8:34:27 PM
From: E_K_S	Read Replies (1) \| Respond to of 64865

Sun can still double revenue in 3 years February 13, 2001 03:07 PM ET by Michelle Rushlo (http://www.upside.com/HardwareSoftware/3a8992523.html) Sun Microsystems (SUNW) can double its sales over the next three years regardless of trends in information technology spending or Unix-based product growth, Sun's CFO told investors today. Michael Lehman reiterated Sun's belief that it can grow at 25 percent compounded annually over the next three years despite concerns that IT spending is slowing with the economy stagnating. The company has large opportunities to grow its business abroad and in some industries like healthcare, Lehman told analysts at the Robertson Stephens technology conference in San Francisco. "We believe we're one of the handful of companies that can take advantage of the market opportunities," he said. Lehman declined to comment on the company's performance so far this quarter, saying it would update investors in the next couple of weeks. He did say that generally the company has not seen a huge amount of used Sun equipment flood the market with the collapse of numerous dotcoms. The amount of equipment being leased has gone up a little since last year, but Lehman said it is because of Sun's own initiatives to push leasing. "Leasing is a wonderful tool for account control," he said and it won't hurt Sun's earnings because the company has been conservative in its recognition of that revenue ======================================================= Michelle Rushlo is a reporter at UpsideToday covering big-cap hardware and software companies. If you would like to submit a letter to the editor regarding this story, email online@upside.com.