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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (54950)	10/31/2001 11:33:14 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Sun Micro CEO: Ready for Economic Storm October 31, 2001 10:23:00 PM ET news.moneycentral.msn.com By Peter Henderson MENLO PARK, Calif. (Reuters) - Network computer maker Sun Microsystems Inc. (SUNW) can survive a few years of economic turmoil if necessary, Chief Executive Scott McNealy said on Wednesday, arguing war and recession left the future unclear. ``We've got $6 billion in cash, no debt. Short of a multibillion dollar embezzlement, I think we are in pretty good shape to ride out, you know, a two or three year economic storm,'' he told Reuters in an interview. ``We're dealing with a recession that was there before Sept. 11,'' McNealy added, referring to the day hijacking attacks leveled the World Trade Center and damaged the Pentagon. ``We're going to see more effects of the continuing recession.'' Sun has lost money two quarters running after more than a decade of profits and spectacular growth with the rise of the Internet and dot-coms its computers powered.