CNN: The Sun Also Rises
Jan 15, 2004, 20:00 (1 Talkback[s])
(Other stories by Paul R. La Monica)
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"Sun Microsystems is finally basking in the warmth of some
much-needed love from Wall Street.
"The manufacturer of high-end servers for big businesses has
been struggling for the past few years as companies have cut back
on tech spending. The company reported a loss in its latest fiscal
year, which ended in June, and analysts are predicting an even
wider loss for fiscal 2004.
"But this month, Banc of America Securities analyst Keith
Bachman upgraded the stock and Merrill Lynch analyst Steve
Milunovich, who has been one of the company's harshest critics,
raised his revenue target for the company's fiscal second