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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (91407)	5/29/2001 5:03:25 PM
From: tonyt	Read Replies (1) \| Respond to of 97611

Sun Micro Lowers Outlook For Its Fiscal Fourth Quarter A WSJ.COM News Roundup PALO ALTO, Calif. -- Sun Microsystems Inc. said Tuesday that fiscal fourth-quarter revenue and earnings would be slightly below its previous outlook. The computer maker now expects revenue for the quarter ending June 30 to be between $3.8 billion and $4 billion. It predicts earnings, excluding one-time items, between two cents and four cents a share. Analysts surveyed by Thomson Financial/First Call were expecting Sun to earn six cents a share in the quarter. Back in April, Sun reported fiscal third-quarter earnings, excluding items, of $263 million, or eight cents a share, on revenue of $4.1 billion. At the time, Sun Chief Financial Officer Michael Lehman said Sun's revenue should rise slightly in the current fourth quarter from the third quarter. Per-share income would be either flat or slightly down, he said. With quarterly growth rates that at one point rose to 60%, Sun had started to pull well ahead of its main competitors in the server market. But like Cisco Systems Inc., however, Sun has been heavily dependent on now-slumping telecommunications companies and to a lesser extent on smaller dot-coms, many of which have fallen on hard times. Not only have those trends crimped current sales, but the collapse of many dot-coms also has fueled a sizable market for second-hand Sun equipment.