Friday, May 02, 2008

Sun Micro Records $34 Million Loss -


Sun's results suggest its fortunes are departing from some of other big tech companies, such as Google Inc. and International Business Machines Corp., each of which reported healthier sales and profits in their latest quarters. Sun had in recent quarters returned to profitability, after a slump during the tech bust earlier this decade. Mr. Schwartz, CEO since 2006, has reduced the company's head count and acquired open-source software companies to boost the company's growth. In January, Sun announced it was acquiring Swedish software company MySQL AB for $1 billion.


Mr. Lehman said that, minus the effects of the MySQL acquisition, the company expects to be profitable in its fiscal forth quarter.

Sun Micro Records $34 Million Loss -

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