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


To: Dennis who wrote (15352)4/13/1999 10:09:00 AM
From: JDN  Read Replies (2) | Respond to of 64865
 
Dear Dennis and all: REMEMBER, we are the DOT in Dot.com. the proliferation of cheap pc's will ONLY serve to cause the internet to grow EVEN FASTER. SUNW is the major supplier of Servers for the Internet. This is now IMHO an INTERNET based stock. We will reach new highs I bet. JDN



To: Dennis who wrote (15352)4/13/1999 1:12:00 PM
From: Mephisto  Read Replies (1) | Respond to of 64865
 
Dear Dennis, I think your trigger goes of prematurely! <ggg> You need practice and patience. :D Here some encouraging news. Asia, or at least parts of Asia turn around faster than expected from their depression/recession. HWP sees faster growth there. And if HWP sees faster growth SUNW'S GROWTH SHOULD EXPLODE because, even through this depression/recession, countries like Malysia, have always looked towards the future. They use Linux. And then there is Jini and Java .....

Here's story:

Hewlett CEO Sees Qtr, Fiscal Year Growth On Track

NEW YORK (Reuters) - Hewlett-Packard Co. (NYSE:HWP - news) Tuesday introduced a new set of high-powered business computers, refreshing a key product line, which its chief executive said will help the company meet its double-digit revenue growth goals for 1999.

At a press conference held at the New York Stock Exchange, Chairman and Chief Executive Lewis Platt said Hewlett-Packard was now seeing a recovery in Asia, helping to ensure that growth in the current quarter and year remains on track.

''What we are seeing is a recovery in Asia. Every month we are seeing a sequential recovery in order growth,'' Platt said in response to a reporter's question.

The Palo Alto-based company, the world's second-largest computer maker in terms of revenue, has been struggling to boostthe paltry revenue growth reported in recent quarters.

In the first quarter ended in January, revenues grew only 1 percent companywide, far below the high single-digit growth of rival
International Business Machines Corp. (NYSE:IBM - news) and the strong double-digit growth of Sun Microsystems Inc.(Nasdaq:SUNW)

''Indeed, it appears that it will be,'' Platt said in response to a reporter's question about how revenue growth for the second
quarter ending in April compared to its fiscal first quarter.

''We look on plan,'' he said, noting the company's was three-quarters of the way through its quarter.

Platt stressed that financial results were expected to be ''back-end loaded,'' meaning that growth in the second half of 1999
would be stronger than in the first half.

But Platt said that growth across key businesses, including printers, personal computers and business computers, known as servers, are expected to once again propel the company to levels rivaling its competitors.

He reiterated the company's goal of double-digit, or better than 10 percent, revenue growth for the fiscal year ending in
October 1999. ''We still think there's a pretty good chance at double-digit growth,'' Platt said.