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

To: Rusty Johnson who wrote (16)	3/3/1999 11:39:00 PM
From: Sonki	Respond to of 36

Oracle Corp (ORCL) ORACLE CORP late Monday said 8i, its latest database program, designed to work seamlessly with the Internet, was now available from dealers. In January, Oracle postponed shipment of 8i to allow more time for integrating other software and development tools with the product. It was originally slated to ship by the end of 1998. "The Internet is not just a change in technology, it's a completely new way of doing business," said Chuck Rozwat, head of Oracle's server technologies division. Oracle CEO Larry Ellison has called 8i the only technology a company needs to use applications that are accessible through the Internet. The program boasts tools such as a built-in Java Virtual Machine and a so-called "Internet file system," which will store and manage Web pages, multimedia data, word processing files and spreadsheets. (Reuters 08:47 PM ET 03/01/99) For the full text story, see full story Sun Microsystems Inc (SUNW) SUN MICROSYSTEMS INC is about to announce a plan to distribute its chip designs to outside developers for free to advance its microprocessor technology, the Wall Street Journal reported on Tuesday. The computer maker will eliminate the existing upfront licensing fee for its microprocessor designs in hopes of attracting a new community of developers, such as academic researchers and start-ups. Developers who license the technology will be able to modify Sun's designs and incorporate them into more complicated chip designs, the newspaper reported. Sun plans to release the design for its PicoJava chip, which aims at helping programs written in Sun's Java language run faster, later this month. (Reuters 03:25 AM ET 03/02/99) Sun Microsystems Inc (SUNW) COMCAST CORP on Wednesday it will to stop paying a quarterly cash dividend, and declared a 2-for-1 stock split. The last dividend of 23 cents per share will be payable on March 25 to shareholders of record on March 4, it said. After the 2-for-1 stock split, shareholders of record April 20 will receive an additional share as a dividend for each share held on May 5. After the split, Comcast would have 698.3 million class A special common shares outstanding. (Reuters 12:12 PM ET 03/03/99) For the full text story, see full story

To: Rusty Johnson who wrote (16)	7/24/1999 10:37:00 AM
From: Sonki	Respond to of 36

Several Wall Street firms raised their ratings or earnings estimates for SUN MICROSYSTEMS INC following its stronger-than-expected quarterly earnings. Merrill Lynch raised Sun to near-term buy from accumulate, with a price target of $81. Merrill downgraded the stock after Sun's previous earnings report due to valuation concerns. Salomon Smith Barney upgraded Sun to outperform from neutral. Salomon's new target price on the stock is $80, up from $55. The new target is based on a 42 P/E multiple on a calendar 2000 EPS estimate of $1.90. Morgan Stanley raised its fiscal 2000 earnings estimate on Sun to $1.75 a share from $1.72. (Reuters 11:04 AM ET 07/23/99) ---------- ABN Amro said it is maintaining its hold rating on SUN MICROSYSTEMS INC for the time being based on Y2K concerns. Analysts Jonathan Ross and Robert Chen said in a report the company is more comfortable about Y2K than it had been at the beginning of the year, but there still seems a lot of uncertainty. Said long-term challenges remain regarding Wintel platform and Linux. Said fiscal 4Q earnings were better than they had expected because of improvements in SG&A efficiencies, lower R&D spending, and higher-than-expected interest income. Trimmed earnings estimate for fiscal year 2000 to $1.66 from $1.77. (Reuters 11:38 AM ET 07/23/99) * Several Wall Street firms raised their ratings or earnings estimates for SUN MICROSYSTEMS INC following its stronger-than-expected quarterly earnings. Merrill Lynch raised Sun to near-term buy from accumulate, with a price target of $81. Merrill downgraded the stock after Sun's previous earnings report due to valuation concerns. Salomon Smith Barney upgraded Sun to outperform from neutral. Salomon's new target price on the stock is $80, up from $55. The new target is based on a 42 P/E multiple on a calendar 2000 EPS estimate of $1.90. Morgan Stanley raised its fiscal 2000 earnings estimate on Sun to $1.75 a share from $1.72. * SUN MICROSYSTEMS INC CFO Michael Lehman said the company filed a shelf offering with the U.S. SEC to raise up to $4 bln through the sale of common stock, preferred stock or debt securities. "We want to be ready to take full advantage of the opportunities," Lehman told analysts told analysts on a conference call. "We do not have any major planned acquisitions at this time. We have a number of initiatives that we plan to pursue that will let us use our balance sheet to encourage growth." The company also said financing debt was cheaper than equity, given the current interest rate climate. Lehman said the net impact of any such financing would not dilute future earnings. (Reuters 08:04 PM ET 07/22/99)