Sun is seeing some strength in government and healthcare, but competition -- mostly with IBM -- remains acute,
More Quotes from Steve Milunovich:
The Internet infrastructure build-out should continue in all but the worst circumstances, ... We expect companies to use Web technologies more to gain internal efficiencies than drive new revenue streams in 2001.Steve Milunovich
In services, we think the industry may be transitioning to Internet-style offerings. This transition may be holding back spending temporarily. IBM CEO Gerstner alluded to this in his May briefing to analysts, though he added he has no concerns about services.
Steve Milunovich
The fact that the UNIX business is showing a little bit of life here is encouraging. They've still got a little ways to go, but they actually did a little better than I would have thought.
Steve Milunovich
It's possible that end-of-quarter mainframe sales were light for IBM. It's also possible that software lags hardware and that the software companies are seeing the weakness IBM saw in fourth quarter of 1999 and the first quarter of 2000.
Steve Milunovich
We view the rate cut positively for the technology sector for the short term. Looking back to 1998, when the Fed unexpectedly cut interest rates, the tech sector outperformed thereafter. We believe the rate cut may be the catalyst for better performance in technology stocks that many investors have been looking for.
Steve Milunovich
Earnings momentum bottomed in (the fourth quarter) and will improve in 2000,
Steve Milunovich
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