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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?


To: larry pollock who wrote (59272)3/9/2004 9:04:31 AM
From: larry pollock  Read Replies (1) | Respond to of 64865
 
Sun Micro cut to neutral rating at Banc America (SUNW) By Emily Church

LONDON (CBS.MW) -- Banc of America Securities overnight cut its rating on enterprise hardware maker Sun Microsystems (SUNW) to neutral from buy, citing concerns Sun Micro is having a weak quarter. "We have renewed concerns about the long-term stability of Sun's core Unix business," the broker said. "We had previously assumed that Sun's core business would be stable in 2004. Given the weak relative performance by Sun in the current quarter, we can no longer support the thesis that Sun can hold share in storage or UNIX and gain share in the Linux market on a longer-term basis." The broker cuts its price target on the stock to $5 from $6.25.

Someone tell Charlie, he put me on ignore. Also, he does not accept the fact the Sunw can have any bad news!

GOOD MORNING SUNW APOLOGISTS AND MCMOUTH SYCOPHANTS!