Replies to post #5271 on Zeev's Turnips Patch-No Politics (ZEEV)

[Frank Pembleton]

accounting irregularities ... What else could it be?

Michael

[timhyma]

8:13AM Sun Microsystems downgraded at CSFB (SUNW) 5.80: CSFB downgrades to HOLD from Buy due to cautious guidance, lingering concerns with Unix server mkt fundamentals, and inconsistent global IT spending patterns; cuts FY03 rev/EPS ests to $13.5 bln/$0.08 from $14.4 bln/$0.16, and cuts 12-month fair value est to $5 from $20.

[lemming]

OUCH--that spanking hurt!

Late Thursday, Sun CFO Steve McGowan said the company would see a "slight loss" for its 2003 first quarter, with revenue falling 10 percent to 15 percent from the $3.4 billion Sun took in during its 2002 fourth quarter, ended June 30.