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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (73970)	3/7/2002 9:28:52 PM
From: milo_morai	Read Replies (1) \| Respond to of 275872

SAN FRANCISCO (Reuters) - Despite tough competition, network computer maker Sun Microsystems Inc. will keep its promise to boost revenue slightly and inch closer toward profit in its third quarter ending this month, Sun's chief financial officer said on Thursday. No news was good news to analysts and investors who had feared Sun would have to roll back its cautious expectations of improvement made a month and a half ago. "There is no change from what we said earlier," Chief Financial Officer Michael Lehman told investors on a mid-quarter conference call, sending Sun stock in after-hours trade up to $9.15 from a close of $8.83 on the Nasdaq, where it had lost 20 cents for the day. "I think everybody is breathing a big sigh of relief. There wasn't some kind of disaster," said J.P. Morgan analyst Daniel Kunstler. Sun issued its steady outlook after microchip maker Intel Corp. narrowed its revenue forecast, pushing it toward the high end of the previous range. .... story.news.yahoo.com