NEW YORK (AFX) -- Sun Microsystems was upgraded to equal weight from
underweight at Lehman Bros., which cited expectations of research and
development cost cuts and a stabilization in revenue growth. Analyst Harry
Blount also raised his stock price target to $5.50 from $5. The stock was up 3%
at $4.48 in Instinet pre-open trading. "While we believe that the positive
backlog and new products could contribute to the top line, the larger factor in
our upgrade comes from potential cost cutting initiatives which we believe could
expand margins, enhance earnings per share and provide a floor on the stock,"

Endlich!

Genau das habe ich vor 2 Jahren in einer Email zu Sun empfohlen. Ohne Antwort, natürlich.

Der CFO ist ausgetauscht worden, aber es steht immer noch der CEO und Chairman (Doppel-Mandat!) Scott McNealy im Weg.

Lancelot