Sun Earnings Beat Forecasts, but Sales Continue to Slip - New York Times: "Sun Microsystems reported earnings on Tuesday that outpaced Wall Street expectations for the quarter. But the company's revenue continued to fall, indicating that the computer maker has yet to achieve a turnaround.
One of the highest fliers of the dot-com boom, Sun's revenue has collapsed in the last five years and it has been hunting for a path to growth while waiting for a rebound in demand among its biggest corporate customers.
Moreover, several analysts said that Sun appeared to have made some progress toward ending its financial slide. "There is no question that Sun has been losing mind share at a fairly dramatic rate," said Richard Chu, a financial analyst at SG Cowen Securities. "I found this to be an encouraging quarter.""