Tuesday, October 21, 2008

Sun Microsystems Expects Quarterly Loss - NYTimes.com

More Sun snapshots

“Sun may be the harbinger of bad times in the hardware business, but their results haven’t been what could be called strong for a few years now,” said Dan Olds, an analyst with the Gabriel Consulting Group. “Their products are good and innovative, but there are no game changers.”

Sun competes against companies like I.B.M., Hewlett-Packard and Dell in the server business.

Last November, Sun performed a one-for-four reverse stock split that pushed shares above $20. Since that time, Sun’s stock has been battered, closing Monday at $5.78 a share in regular trading.

Sun Microsystems Expects Quarterly Loss - NYTimes.com

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