Wednesday, July 26, 2006

WSJ.com - Sun Microsystems Swings to a Loss While Sales Rise

WSJ.com - Sun Microsystems Swings to a Loss While Sales Rise: "Sun reported a net loss of $301 million, or nine cents a share, in the quarter ended June 30, compared with net income of $50 million, or one cent a share, a year earlier. The latest period included $156 million in charges primarily related to acquisitions, including Storage Technology Corp. last year.
Sales rose to $3.83 billion from $2.97 billion a year earlier, beating Wall Street's estimate of $3.6 billion.
'We have increasing confidence in the stability of our business,' Mr. Schwartz said."

Looks like Sun was successful in buying incremental revenue streams, at least. E.g., Storage Technology had ~$500M in quarterly revenue for Q2 2005.
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