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

To: CMS27 who wrote (5190)	10/29/1997 8:07:00 AM
From: John Carragher	Respond to of 64865

Does Richardson mean Sunw will grow 40 to 60 % or growth in China? Dow Jones Newswires -- October 29, 1997 U.S. Sun Microsystems China Sales Seen At $120M - Exec BEIJING (AP-Dow Jones)--Sun Microsystems Inc. (SUNW) expects 1997 sales in China to grow to $120 million from about $100 million last year as it gives away its top computing technology, Java, to more Chinese schools and companies, a senior company executive said Wednesday. Bill Richardson, a vice president at Sun Microsystems, said increasing demand for the company's hardware and software will come from wider use of Java, a technology that allows businesses to work with each other over the Internet. Sun Microsystems sells hardware such as work stations and high-end servers on which Java technology operates and can be freely exchanged. Chinese companies and universities have been receptive to the business capabilities offered by Java, said Richardson, adding he hopes more will use it - even if some try to copy the hardware on which it runs. 'Our intent isn't to corner the market,' said Richardson. 'It's an attempt to create a groundswell for the Java technology.' As part of that effort, Sun announced Wednesday it will provide $3 million in computer equipment to 10 Chinese universities. The donation includes 110 units of computer hardware with Java technology and the set-up of centers to train those who use it. Richardson said Sun Microsystems aims for between 40% and 60% revenue growth over the next several years. He didn't provide specific figures. Another executive said Sun Microsystems, which began investing in China about 10 years ago, 'have been profitable from day one.' By Peter Wonacott; 8610 6532-6652; pwonacott@ap.org Powered by Quote Agentr and News Agentr from Gari Software/IDD Information Services Copyright c 1997 Dow Jones & Company, Inc. All Rights Reserved.

To: CMS27 who wrote (5190)	10/29/1997 8:19:00 AM
From: Thomas W. Fox	Respond to of 64865

Actually they only lost the U.S. vote to be a submitter to the ISO. In surfing around on this issue, I discovered that there are 40 members of the US T.A.G. to the ISO. Of the 40, 25 voted on Sunw's re-submitted proposal with 15 in favor and 10 opposed. Because the TAG required a 2/3 vote to endorse the proposal the US TAG vote is registered as NO. Of the 27 countries who will vote on the issue, 6 have voted YES and only the US has voted NO. Importantly Netherlands and the UK are in the 6 YES votes and are reversals of previous NO votes. The balance of the voting is due by mid-Nov. (14th I think) The Fat Lady has yet to sing on this.