Saturday, August 2, 2008

Sun Shrouded in Q4 Gloom

Sun Microsystems continues to struggle. The Santa Clara, Calif.-based server maker reported that earnings in the quarter ended June 30 fell nearly 74 percent to $88 million, compared with earnings of $329 million during the same period a year ago. Quarterly revenue fell 1.4 percent to $3.78 billion, down from $3.83 billion during the same period in 2007. Sun reported earnings of $403 million for the fiscal year ended June 30, down nearly 15 percent from the previous fiscal year...

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