SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: E.J. Neitz Jr who wrote (38277)2/7/2002 9:08:19 AM
From: E.J. Neitz Jr  Respond to of 53068
 
CSFB Report--Sun Micro (For Sue)

SUN MICROSYSTEMS, INC. (SUNW: $9.58) 02/07/02
First Day Highlights from Sun's Analyst Event


Rating: BUY 12-Mo. Target: $20


Sun tipped off its analyst event with a storage launch, unveiling two new midrange storage systems and a refreshed software strategy.
Building on the initial traction of its StorEdge 9900 high-end subsystem, Sun hopes that its newly released StorEdge 3900 and 6900 products will narrow EMC's lead in the Unix storage market.

The recharged software strategy, dubbed Storage One, is designed to provide open storage management on a platform that integrates the company's suite of recently acquired storage software technologies.

In discussion of the long-term financial model, management believes that it can achieve a 10% operating margin on $4.5 billion in quarterly revenue. The company made no changes to previously stated near-term guidance.