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

To: The Ox who wrote (10658)	7/24/1998 1:21:00 PM
From: The Ox	Respond to of 64865

From MSFT Investor Bitstream article: Sun Microsystems (SUNW) reported better-than-expected fiscal fourth-quarter earnings last week of 73 cents per share versus 61 cents per share a year ago. Our estimate was 70 cents per share. While we'd like to believe the 19% surge by Sun during July is the result of our endorsement of the company in "3 reasons to take a shine to Sun," the gain is more likely attributable to Sun's continued strong results or the fact it is a large, liquid Nasdaq technology stock. Revenue rose 13.3% to $2.9 billion, although sales in Japan declined 12% to $171 million, or 6% of revenue. Orders rose 20% to $3 billion. Gross margin increased 130 basis points year over year, but following three straight quarters of 1% sequential improvements, it declined 160 basis points from March to 51.7%. For the past year, Sun's management has been predicting that gross margin would contract modestly. I continue to believe fiscal 1999 earnings could eclipse my $2.70-per-share forecast.