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

To: Homer who wrote (10379)	7/9/1998 9:24:00 AM
From: Homer	Respond to of 64865

Sun Micro Puts A Lot Of Eggs Safe In Storage investors.com From 7/8/98 issue of the Investor's Businees Daily. Encore gives Sun expertise in a fast-growing niche called network-attached storage. Network-attached storage devices are servers with processing power. They do only one thing: store data on a network. Other, general- purpose servers also store data, but those machines aren't as fast as a storage servers. Sales of network-attached storage devices will rise about 84% a year through '01, to $6.6 billion from $580 million last year, says San Jose, Calif.-based market researcher Dataquest Inc. Sun says it plans to double its storage revenue by '01. Though the company wouldn't give figures, analysts estimate Sun will sell more than $2 billion in storage hardware and software this year. Scheerder recently spoke with IBD about Sun's chances of reaching that goal