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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (17526)	4/20/2006 1:13:49 PM
From: Ken W	Read Replies (1) \| Respond to of 23958

Ray SUNW: stockcharts.com All of the stars are aligned. Rumor on DJ is that McNutty may step down.

To: Galirayo who wrote (17526)	4/24/2006 4:06:38 PM
From: Galirayo	Respond to of 23958

Sun Microsystems Reports Results for Third Quarter Fiscal Year 2006 Monday April 24, 4:00 pm ET Revenues Up 21% SANTA CLARA, Calif., April 24 /PRNewswire-FirstCall/ -- Sun Microsystems, Inc. (Nasdaq: SUNW - News) reported results today for its fiscal third quarter, which ended March 26, 2006. ADVERTISEMENT Revenues for the third quarter of fiscal 2006 were $3.177 billion, an increase of 21 percent as compared with $2.627 billion for the third quarter of fiscal 2005. The year over year revenue increase was driven by recent acquisitions and by growth in traditional products. Total gross margin as a percent of revenues was 43.0 percent, an increase of 1.6 percentage points, as compared with the third quarter of fiscal 2005. Net loss for the third quarter of fiscal 2006 on a GAAP basis was $217 million or a net loss of ($0.06) per share, as compared with a net loss of $28 million, or a net loss per share of ($0.01), for the third quarter of fiscal 2005. GAAP net loss for the third quarter of fiscal 2006 includes: $87 million principally related to intangible asset amortization associated with our recent acquisitions, $57 million of stock-based compensation charges relating to the implementation of SFAS 123R, $36 million of restructuring charges, a $4 million gain on equity investments, and a $4 million benefit for related tax effects. The net impact of these five items is approximately ($0.05) per share. Cash generated from operations for the third quarter was $197 million and cash and marketable debt securities balance at the end of the quarter was $4.429 billion. "We're growing again. Products are winning awards. The Solaris(TM) 10 Operating System is a runaway success. The next step is consistent profitability," said Scott McNealy, chairman and CEO, Sun Microsystems. "Each quarter we drive for measurable improvement in our products, customer acceptance, competitive position and operational execution. During Q3, we grew our traditional business year over year in the United States, most of Asia, parts of Europe and almost all parts of the International Americas. We're pleased with customer acceptance of our products in key markets such as telco, government, energy and retail, to name a few. We're well positioned in the marketplace, and expect to reach new and traditional customers with our open source, industry-leading Solaris 10 software stack and our recently improved systems products," said Jonathan Schwartz, president and COO, Sun Microsystems. "Our investments in R&D during the past couple of years have resulted in a terrific product line. Combined with our recent acquisitions of StorageTek and SeeBeyond, as well as other technologies, we now offer a broader and more compelling portfolio of choices to our customers. We're pleased with the improvement in demand across numerous geographies; in particular, our growth in the U.S. market was broadly-based across both traditional and nascent industries. We delivered the results we were anticipating, including our operating expense guidance for the quarter," said Michael Lehman, chief financial officer and executive vice president, Corporate Resources, Sun Microsystems. Sun has scheduled a conference call today to discuss its earnings for Q3 fiscal year 2006 at 1:30 p.m. (PT), which is being broadcast live at www.sun.com/investors. About Sun Microsystems, Inc. A singular vision -- "The Network Is The Computer"(TM) -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age. Sun can be found in more than 100 countries and on the Web at sun.com.