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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Dinesh who wrote (143107)	3/6/2002 11:56:53 AM
From: tejek	Read Replies (1) \| Respond to of 1579414

Other savings and synergies only time will tell, as how the two cultures blend. (Compaq anyhow is not a monolith, but a blend of several brands. HP is not as diverse.) That's a very good point. I understand the HWP culture will be a tough one to crack. It might well wreak havoc with this merger. I know there are plenty in HWP wanting Fiorina to fall flat on her face. Any opinion on Sun? Clearly, its business is off. Sun blames it on the IT business being down. However, others say Sun is losing share to IBM and one of the Japanese firms. Techies say that their servers and other hardware is not up to standards......I can't comment on that aspect since I have no background. The bottom line is that there business is off by half. That's major and this recession doesn't seem to be that bad. You've got to believe its more than IT business being down. Unfortunately, I have Sun in my 401 at $20. :~(( What's your take? ted

To: Dinesh who wrote (143107)	3/8/2002 10:10:47 AM
From: tejek	Read Replies (1) \| Respond to of 1579414

Some interesting comments re SUNW ____________________________________________________________ Sun Stays the Course, but Says Things Aren't Easy By Tish Williams TSC Senior Writer 03/07/2002 05:57 PM EST Various indicators show that the U.S. economy is picking up -- but from what investors heard from Sun and Intel about their midquarter performance, there's no reason to expect a miracle recovery. Thursday afternoon Sun Microsystems updated investors on the third quarter of its fiscal 2003, holding steady with its previous guidance. At the same time however, the company cautioned that business is coming in slower this quarter than last. In the March quarter, Sun typically sees 50% of its business come in during the final month, and so far the company reports it has "a ways to go" to achieve its estimates. Back in January, Sun executives chose to describe their outlook for the third quarter in loose terms, promising to push revenue up above the second-quarter's $3.1 billion level, which it believes it is on track to do if March shapes up. Wall Street consensus interpreted that to mean an increase to $3.2 billion in revenue, according to Multex.com, for a 22% year-over-year drop from the second quarter of 2001's $4.1 billion. Sun projected improvement in gross margins from the second quarter's 36.6%, which it stuck with Thursday. Sun does not see a return to profitability until the fourth quarter, as it had previously stated. Analysts currently estimate the server maker will lose 2 cents a share in the quarter currently underway, compared to a profit of 8 cents a share a year ago in the third quarter of 2001. Sun has seen demand for its computing machines muddied in the midst of widespread dot-com company failures and large-scale bankruptcies. Liquidation at those companies has put a formidable amount of technology on the "gray market" for resale, but Sun hopes the market for older used machines will diminish rapidly as users desire the features of the newer-generation UltraSparc III machines. Management touted the success of its UltraSparc III products as key to its third-quarter results.