It could take several years to make up for lost revenues we think it's too early to own this name.
The stock looks cheap and management is buying back stock, but these aren't enough to drive performance given growing fundamental concerns.
We view cost-cutting as the largest opportunity for Sun to improve financial performance and believe the company is set to announce a restructuring over the next 6 months.
Fiscal year 2002 will likely prove to be challenging under any circumstances, but we believe longer-term rewards outweigh potential risks.
Consumer electronics demand was stellar but we do think some of this translated into PC purchases and that the PC vendors overall will post good results.
