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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (53050)	6/14/2002 10:15:08 AM
From: Dealer	Read Replies (1) \| Respond to of 65232

SUNW--Sun Micro Chief Sticks to Financial Targets NEW YORK (Reuters) - Sun Microsystems Inc.(NasdaqNM:SUNW - News) Chief Executive Scott McNealy said on Thursday the computer maker was sticking to its financial targets, which call for a return to profit in its fourth quarter ending June. "We haven't changed any of our statements," he told Reuters on the sidelines of a Bear Stearns conference, when asked about Sun's goals for profit, revenues and gross profit margin. The Santa Clara, California-based company previously had forecast it would make a fourth-quarter profit and revenue would improve modestly from the $3.1 billion posted in the March-ending third quarter. Gross margin would improve slightly from 42.1 percent in the third quarter, executives had said. Sun's previous four straight quarters of losses tarnished a reputation built in the late 1990s, when it became the preeminent supplier of computers that manage networks for Internet dot-com companies, a market that has largely evaporated. Analysts polled by Thomson First Call expect fourth-quarter earnings per share of nil to two cents, with the consensus a penny per share profit on sales of $3.3 billion.