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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: carepedeum2000 who wrote (47865)	2/22/2001 4:58:08 PM
From: Softechie	Read Replies (1) \| Respond to of 57584

Bad news from SUNW... Sun Microsystems (SUNW) 20 13/16 +1 3/16: -- Update -- Company hasn't offered guidance beyond Mar quarter, but its comments regarding the economic scene are quite pessimistic; in addition to saying that the US is in recession, company says that it has never seen such a sudden change in industry demand. Sun Microsystems (SUNW) 20 13/16 +1 3/16: -- Update -- On conference call, company says that Mar qtr revenues will be up 10-13% yr/yr and EPS will be $0.07-0.09 vs current consensus of $0.15 as US recession is impacting IT spending; company also announces additional stock buyback of $1.5 bln as it believes stock is undervalued. Sun Microsystems (SUNW) 20 13/16 +1 3/16: Shares halted as previously scheduled mid-quarter update conference call begins. Dial-in #: 800-611-1147