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

To: Charles Tutt who wrote (59487)	3/12/2004 12:42:42 PM
From: miraje	Respond to of 64865

Trickle this... thestreet.com Heat Rising Under Sun CEO Scott McNealy By K.C. Swanson TheStreet.com Staff Reporter 3/12/2004 8:52 AM EST Sun Microsystems' (SUNW:Nasdaq - news - research) shareholders have long grumbled the company might be better off without veteran CEO Scott McNealy. With investors more willing to agitate for change these days and Sun still lagging its peers, the time seems ripe for the malcontents to raise their voices. At present, any "fire McNealy" movement is far from an inferno and appears unlikely to spark the kind of headlines of the recent shareholder revolt at Disney. But that doesn't mean it's nonexistent or without justification. Three quarters into a rebound in the server market, Sun was the only one of the top five hardware houses to see fourth-quarter revenue decline vs. last year's levels, according to market research firm IDC. The company is expected to lose money in both this current fiscal year (ending in June) and next year, and Standard & Poor's recently downgraded Sun's debt to junk status. Sun's stock has traded down 24% from its 52-week intraday high of $5.72 on Feb. 12, closing at $4.35 Thursday. By comparison, the Nasdaq Composite is down 6.3% since Feb. 12...