The Wall Street Transcript Publishes Money Manager Comments on Sun Microsystems.Business Editors & Analysts NOTE: This money manager interview is presented with the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. company's full knowledge and permission. NEW YORK--(BUSINESS WIRE)--Aug. 25, 2000 Stephen Humphrey, Investment Team Leader for Lord, Abbett & Co., examines portfolio management strategies in this timely and deeply informative 5,300-word interview from The Wall Street Transcript (212-952-7433) or http://www.twst.com/info/info158.htm. In a valuable review of investing strategies, Stephen Humphrey explains his approach to managing money and offers specific stock recommendations. Humphrey reports, "We only can invest 10%, by our own policy, in companies that did not exist five years ago. We've broken that 10% up, and we probably carry about 10-12 companies right now, probably averaging about 30-50 basis points. So we don't go off half-cocked Verb 1. go off half-cocked - act prematurely or without reflection or too soon; "she wanted to quit her job but her mother told her not to go off half-cocked" go off at half-cock , we still look at the business models, but we do believe, with the likely growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of some of these companies going forward, that if the market cap continues to grow along with the growth rates of their revenues, they will become dominant companies and we'll move them out of the emerging growth sector over time." Humphrey highlights Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ), "Sun is number one in the workstation industry and in the high end is likely to remain so. Sun is doing about $14 billion in revenue. Over the last 12 months Sun grew its revenues about 27%. Currently it is growing even faster. Over the same period Sun has exhibited a 57% gross margin, 15% operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: , and 11% net margin; and its earnings grew over the last 12 months about 61%. So again, this is the type of company we want to own, a dominant company that spends heavily on R&D and is a first mover mover /mov·er/ (moo´ver) that which produces motion. prime mover a muscle that acts directly to bring about a desired movement. with superb leadership." To obtain this insightful 5,300-word report, call (212) 952-7433 or see http://www.twst.com/info/info158.htm The Wall Street Transcript is a premier weekly investment publication interviewing market professionals for serious investors for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask the above company (or any public company) a question at http://www.qawire.com The Wall Street Transcript does not endorse the views of any interviewee nor does it make stock recommendations. |
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