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To: UnBelievable who wrote (113544)	7/19/2001 4:36:03 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

I'd like to think SUNW is making progress with their inventory correction, but the balance sheet says NO: SUN MICROSYSTEMS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) June 30, June 30, ASSETS 2001 2000* Current assets: Cash, cash equivalents and short-term investments $1,859 $2,475 Accounts receivable, net 2,955 2,690 Inventories 1,049 557 Other current assets 2,071 1,155 Total current assets 7,934 6,877 Property, plant and equipment, net 2,697 2,095 Long-term investments 4,677 4,496 Other assets, net 2,873 684 $18,181 $14,152 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term borrowings $3 $7 Accounts payable 1,050 924 Accrued liabilities 2,176 2,117 Income taxes payable 90 209 Deferred revenues and customer deposits 1,827 1,289 Total current liabilities 5,146 4,546 Long-term debt and other obligations 2,449 2,297 Stockholders' equity 10,586 7,309 $18,181 $14,152 By way of comparison, AR last Q was 2913 and inventories were 899. They have improved their cash position, up to 1859 from 1287. But it doesn't look like business improved at all (which isn't surprising given their previous statements).