Sun's rebound in work stations
Article Abstract:
Sun Microsystems Inc has reorganized after its first ever quarterly loss, reported in in Jun 1989. After reaching a low of $13.375 from a high of $23, and working its way back up to $23.875, Sun stock is once again recommended by investment analysts. Sun's two quarters of profitability, following the loss, are a signal to industry analysts that Sun has stabilized its manufacturing and is headed toward profitability again. Competition is heating up in Sun's stronghold, the workstation market. IBM and HP, which are are attempting to take workstation business away, are at a disadvantage. Both IBM and HP will have a lag time of 18 months before a substantial library of software is available for their workstations. Sun can use that time to improve its position in the market by establishing competitive pricing and aggressive marketing.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1990
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Digital loss narrowed in quarter
Article Abstract:
DEC reports a net loss of $30.1 million for its fiscal 3rd qtr 1993 that is 10 times less than the 1992 same quarter figure of $311.3 million. Revenue increased 6 percent, to $3.45 billion. DEC officials attributed the company's progress toward profitability to the slashing of operating expenses, while the increased revenue was triggered by favorable foreign exchange rates. DEC shares went up $1.50 each, to $41.625 on Apr 14, 1993. The company's 3rd qtr loss was within the estimates of Wall Street analysts. In the light of the current economic climate, DEC's minicomputers, which comprise the bulk of its business, remains a tough sell. However, company officials are optimistic that its new products based on the 64-bit Alpha microprocessor will continue its projected market acceptance.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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Hewlett-Packard stock off on disappointing earnings
Article Abstract:
HP's shares dropped significantly after the company announced that its 3rd qtr earnings would fall below analysts' expectations. HP's stocks closed at $55.875, down $12.625 a share. The shares had traded for up to $85 earlier in 1992 after the company reported 41 percent growth in earnings for the first half of the fiscal year. HP's performance is still substantially stronger than other computer companies such as DEC and IBM. HP had seemed impervious to the recession and market doubts until this most recent stock drop. HP attributed the drop in earnings to the lack of consumer spending in the test and measurement equipment, analytical products and computer systems businesses.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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