Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

JP Morgan Keeps 'Buy' on Sun Micro


JP Morgan keeps buy on Sun Microsystems (SUNW).

Analyst Daniel Kunstler says the company's mid-quarter update is refreshing in that it lacked any changes to the company's estimates. He says the company's tone with regard to profitability trends seems to be reasonably upbeat. He notes Sun currently is back in the market to repurchase shares, and has reported improving diversification in its mix of end markets, with the government kicking in perhaps even more than the company had thought likely. Kunstler says Sun also reiterated its anticipation of improvement in gross margins. He maintains a $0.07 fiscal 2002 (June) loss, $0.24 fiscal 2003 EPS estimates; and a $25 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus