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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (16189)	1/16/1998 9:49:00 AM
From: Sonki	Read Replies (1) \| Respond to of 27012

thax chris, took some risk yesterday and last friday when i bot on a down day. i think the world of technology is changing. unlike intc sun will be making earning upwards this year. that's all street wants . they will look at intel again when earning improves. SUNW HAS vaccine against asia. Another stock that will do well is dell. watch it. SUN MICROSYSTEMS INC. (SUNW) 43 1/16 CLOSED. This computer maker of workstations, servers and systems posted a very good fiscal 2Q report last night, despite the woes in Japan, that should allow its shares to move higher this morning. Given the strong revenue and earnings numbers, Wall Street is likely to upgrade and/or raise earnings estimates for the remainder of the fiscal year. According to SUNW, it earned $0.57 a share on an operating basis, three cents ahead of the First Call estimate, versus $0.46 a share in the year-ago period. Including charges of $110.1 million related to the acquisition of Encore Computer and Chorus Systems, the company earned $0.38 a share. Revenues for the period rose 17.7% to $2.45 billion, very much in line with Wall Street expectations, versus year-ago revenue of $2.08 billion. While SUNW was hurt by the sluggish performance in Japan as revenues in the region fell by 4%, it was easily able to overcome this downward blip in sales through exceptional performance in Europe and robust growth in the U.S. Europe had revenue growth of 22%, while the U.S. improved by 19%. The company was helped by growth across various lines and business segments and in order to stay ahead of the curve, SUNW plans to reinvest more than $1 billion in research and development over the intermediate term. **The latest results are very positive for the company in that it has been able to counter its exposure to Asia,** and seems geared to maintain its growth momentum in the upcoming quarters, despite the prevailing currency and Asian problems. The last time this company reported earnings, its stock was trading in the upper $40s, but disappointing revenues and earnings prompted a sell-off which left the stock trading in the low $30s. This time around, the results should be different.