Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sonki who wrote (15499)	4/16/1999 3:35:00 PM
From: romeo guzman	Read Replies (1) \| Respond to of 64865

to:SONKI HELLO! WHERE IS SUNW GOING FROM HERE!

To: Sonki who wrote (15499)	4/16/1999 4:47:00 PM
From: Mephisto	Respond to of 64865

Looks like Scott projections for next quarter's earning are on the conservative side, around 19%, according to article below. I also believe that investors have a fuzzy notion about the company's products and the future of Jini and Java. I would very much like to see Scott and Joy interviewed by a good reporter. I wish someone from The New York Times would interview Scott and Joy for its Sunday magazine. Sonki, if you see a good interview, would you please let me know. Mephisto >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Sun Falls On Outlook, Valuation SAN FRANCISCO (Reuters) - Shares of Sun Microsystems Inc. (Nasdaq:SUNW - news) fell almost7 percent Friday after the company's cautious comments during its analysts' conference call and after one analyst downgraded the stock on price. Thursday, Sun reported slightly better-than-expected third quarter earnings with a big surge in revenues of 24 percent. Analysts were expecting revenue growth of 20 percent. But Sun executives cautioned analysts on a conference call to discuss the quarter that revenues will not grow at that level in the fourth quarter and will be more in the 19 percent range, due to a possible slowdown in spending as companies prepare for the Year 2000 problem and other uncertainties. ''It's three things,'' said one technology stock trader, citing the downgrade by Merrill Lynch, the company's outlook and the current price of the stock. ''The stock was overpriced going into the quarter.'' Earlier Friday, Merrill Lynch analyst Steve Milunovich cut his intermediate-term rating on Sun to accumulate from buy, solely on the stock's price. ''The stock has about tripled in the last seven months,'' Milunovich wrote in a note to clients. ''Sun sells at 150-200 percent the price/earnings (ratios) of IBM, HP, Lexmark and Xerox, which is pushing the envelope...We would get more positive at a lower price or later time.''