Analyst Conference Summary

Sun Microsystems

conference date: July 30, 2007 @ 1:30 PM PT
for quarter ending: June 30, 2007 (4th fiscal quarter 2007)

Forward-looking statements

I have not been able to listen to the actual conference because the audio download won't work because they are using RealPlayer (which sucks anyway) and some file gets fed up by Akamai which neither my Windows Vista nor XP computers will do anything with. Yep, with Sun the network really is the computer, so you are f----- if a service you need is in control of someone else. Might be a glitch with my Hughes Satellite Internet, which usually works but sometimes gets strange glitches.

The factoids below are gleaned from the press release.

Overview: Any quarter Sun has net income is a good quarter.

Basic data:

Revenues were $3.835 billion, up 17% sequentially from $3.28 billion and nearly flat from $3.828 billion year-earlier.

Net Income was $329 million, up 390% sequentially from $67 million and reversing a loss of $301 million year-earlier.

EPS (earnings per share) were $0.09, up from $0.02 in Q1 and reversing a loss of $0.09 year-earlier.

Cash and equivalents ended at $3.62 billion.


Conference Highlights:

Full fiscal 2007 revenues were $13.9 billion, up from $13.1 billion in fiscal 2006. Net income for the full fiscal year also turned positive to $473 million.

Fiscal Q4 revenues included $2.49 billion product revenue and $1.34 services revenue.

Cost of sales was $2.02 billion. Gross margin was $1.81 billion. Operating expenses of $1.49 billion included R&D $514 million, SG&A $958 million, and $15 million restructuring and impairment. Operating profit was $325 million. Interest income $59 million. $56 million provision for income tax.

Inventories were $524 million; accounts receivable $2.96 billion; accounts payable $1.43 billion. Deferred revenues $2.1 billion.

Cah provided by operating activities was $958 million.

Long-term debt was $1.26 billion.


OpenIcon Analyst Conference Summaries Main Page

Sun Investor Relations page


More Analyst Conference Pages:


Disclaimer: Our analyst summaries may include both our condensations of statements made by company representatives and our own analysis. They are not covered by any warranty. We cannot guarantee anything said by company representatives is true. We try not to make errors, but it is possible. Before making or terminating an investment you should always verify any factual basis of your decision.

Copyright 2007 William P. Meyers