At the Australian National Press Club, Sun Chairman and CEO Scott McNealy said network computers--stripped-down PCs used primarily for Internet access--would use Sun's Java computer language in its applications and eventually replace personal computers, according to a Bloomberg news service report.
"Whether that takes 5, 10, 15, or 20 years does not matter," McNealy was quoted as saying. "From our perspective, we view it as a remarkable opportunity to grow a company of our size at 20 to 25 percent a year compounded."
He noted that network computers would be inexpensive and easier to use than PCs, because the basic terminals would have less hardware. The NC concept banks on the ability to download information and software from the Internet, rather than store it on a hard drive.
Sun reported a 20 percent increase in year-end revenues to $7 billion, compared with the previous year. Its net earnings rose to $476.4 million, a 34 percent increase over the year before.