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

To: Mephisto who wrote (14448)	2/22/1999 10:34:00 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

Sun Micro Expects 2nd-Half Revenue Growth To Surpass 16% Rate SAN FRANCISCO -(Dow Jones)- Sun Microsystems Inc. Monday said revenue growth in its fiscal second half will outpace the 16% growth in the first half of 1999. Sun's head of computer systems, Steve McGowan, said the company had doubled revenue over the past four years and "looks to get back to historical growth rates at the end of the year." The company said it will emphasize research and development. "R&D is really important to a company that's not only a thought leader, but wants to be a technology leader," said McGowan. "R&D investments rose 22% in Sun's fiscal first half to $679 million." McGowan said its merger deal with Netscape and AOL is expected to close in March and will have a "financially neutral" impact in its first year and be accretive earnings in next two years. Sun (SUNW) has topped expectations with its results for the previous two quarters, indicating continued success in its drive to sell the powerful server computers that host large networks. Sun has shot to unexpected prominence thanks to its high-profile challenge to software giant Microsoft Corp. (MSFT) - a battle Sun is waging with increasingly powerful hardware systems, a surprising alliance with Microsoft foes America Online and Netscape Communications and new software projects with flashy names like Java and Jini. Even more important, Sun, which is now thought of as more of an Internet company, has continued to deliver improved earnings despite an assault on its workstation lines by Microsoft and its partner Intel Corp., the chip powerhouse. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.