Replies to post #5275 on Zeev's Turnips Patch-No Politics (ZEEV)

[michalel97123]

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.

Point of information re:analysts
Sun was at 4.90 last night and lower in premarket. They take credit for downgrade at $5.80. Thats gross.