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

To: Carmine Cammarosano who wrote (11331)	10/16/1998 8:46:00 AM
From: alydar	Read Replies (1) \| Respond to of 64865

An interesting read. Sun Microsystems 1st-Qtr Profit Rises 21% on Strong Sales Palo Alto, California, Oct. 15 (Bloomberg) -- Sun Microsystems Inc., the tenacious rival of Microsoft Corp., said earnings rose 21 percent in its first fiscal quarter, bolstered by strong sales of servers that run computer networks. Sun earned $197.9 million, or 50 cents a share, before a charge in the first quarter ended Sept. 27, compared with profit before charges of $163.2 million, or 41 cents, in the year-ago period. The company was expected to earn 49 cents, the average estimate of analysts polled by First Call Corp. Sales rose 19 percent to $2.49 billion from $2.1 billion. The results show that companies are still buying large numbers of Sun servers and workstations, even as competing machines built with Intel Corp. microprocessors and Microsoft's new NT software become more powerful, challenging Sun. ''Demand is right, and their product fit is right,'' said Daniel Kunstler, an analyst at J.P. Morgan Securities, who rates Sun shares ''buy'' and expected earnings of 48 cents a share. ''The NT threat seems to be fading into the wallpaper.'' Shares of Palo Alto, California-based Sun rose 2 to 48 13/16. The company reported earnings after market closed. 16:09:24 10/15/1998 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.