Zeev's Turnips Patch-No Politics (ZEEV)

[wstera2]

16:38 ET Sun Microsystems says no improvement in IT spending environment (SUNW) 3.83 -0.13: During mid-qtr update, says it has seen no improvement in IT spending environment, and notes some would say it has even worsened... expects fiscal Q1 revenues will now be closer to the bottom end of the 10-15% sequential decline range it previously provided, plus or minus a small amount... sees no significant change in gross margin rate or operating expense spending level versus Q4.


16:38 ET Novellus guiding lower (NVLS) 24.29 +0.11: -- Update -- On its conference call, company guides lower. Q3 revenue and EPS goes to $230 mln and breakeven vs Multex consensus of $250 mln and $0.10...stock at 24.06.