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Sun Micro swings to $1.68 billion loss
By Rex Crum
Last update: 4:12 p.m. EDT Oct. 30, 2008
SAN FRANCISCO (MarketWatch) -- Sun Microsystems Inc. (JAVA:sun microsystems inc com new
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4:00pm 10/30/2008

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JAVA 5.29, +0.46, +9.5%) on Thursday reported a first-quarter loss of $1.68 billion, or $2.24 a share, on revenue of $2.99 billion. During the same period a year ago, Sun earned $89 million, or 10 cents a share, on sales of $3.22 billion. Excluding one-time items, the computer server and software company would have lost $65 million, or 9 cents a share, on $3.22 billion in sales. The loss was greater than what the company forecast when it gave preliminary results on Oct. 20. Sun said that it's results were affected by a $1.45 billion charge for goodwill impairment and $63 million in restructuring charges
 
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Autor (Datum des Eintrages): zooropa  (30.10.08 21:15:54)
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