Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Salomon Smith Barney Cuts Sun Microsystems to Neutral

Salomon Smith Barney lowered its investment rating on computer server maker Sun Microsystems (SUNW) to neutral from buy, citing concerns related to revenues. Sun closed off 1-1/2 at 30-7/16.

Analyst John Jones says he is concerned revenue and earnings growth will come at the expense of drawing down backlog rather than from new orders. Given his prior concerns about pockets of softness in its business, today's call has further heightened valuation risk.

Jones cut his fiscal year 2001 earnings per share estimate to $0.69 from $0.71, and his fiscal year 2002 estimate to $0.85 from $0.90. He also cut his price target on the stock to $30 from $55.

blog comments powered by Disqus