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To: Mark Fowler who wrote (8509)	8/29/2001 6:47:35 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Sun Microsystems (SUNW) 13.43 -0.13: In mid-quarter update, says that current qtr has proven to be quite challenging... order rates through week eight of qtr are less than what they expected six weeks ago... at current rate, says it will be difficult to hit $3.7 bln break-even point in revenues (current consensus is $3.8 bln)... notes it would take a very large month in Sep to hit the break-even point, and indicates it wouldn't count on that at this point.... SUNW -0.61 Sun Microsystems (SUNW) 13.43 -0.13: -- Update -- Notes that it will exit Q1 with about 500 fewer employees than it did in prior qtr... says that fiscal Q1, on a linear basis, is running a bit less than normal historically and is slightly less on a linear basis than what was seen at this time in prior quarter.... indicates that Europe and Japan have clearly been the weakest regions versus its own expectations and that U.S. is just a touch behind what it was expecting... thinks break-even revenue point is now probably a little lower than $3.7 bln given its expense management, but is refraining from providing concrete revenue guidance for qtr... SUNW -0.58

To: Mark Fowler who wrote (8509)	8/29/2001 7:24:45 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

From Briefing: Alloy Online (ALOY) 17.35 +1.10: USB Piper Jaffray raising estimates after company reports a-penny-better Q2 loss and raises full yr outlook. Firm lifts FY02 est. to $0.08 from $0.06; boosts FY03 to $0.63 from $0.52 in anticipation of accelerating ad revenues.

To: Mark Fowler who wrote (8509)	8/29/2001 7:27:32 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 57684

From Briefing: Yahoo! (YHOO) 12.14 -0.86: After meeting with Yahoo's management, Goldman Sachs says that current business remains difficult and that YHOO will only achieve the low end of the $160-180 mln revenue guidance range for Q3; does not think this is fully in the stock and it could add continued pressure; Goldman's channel checks also confirm business for Q3 has deteriorated relative to Q2, believes meaningful improvement is 8-10 months off.