Tuesday, October 21, 2008

Sun Warns of Deep Loss, Charge for Big Mergers - WSJ.com

It’ll be interesting to see if Sun’s direct competitors make similar adjustments

Sun Microsystems Inc. warned of a deep quarterly loss and a possible charge for the diminished value of acquisitions, the latest sign of the economic slowdown's toll on the computer industry.

The Silicon Valley company sells server systems against rivals that include International Business Machines Corp. and Hewlett-Packard Co. Amid the competition and an anemic economy, Sun has struggled to increase sales this year and announced plans to slash jobs.

Sun Warns of Deep Loss, Charge for Big Mergers - WSJ.com

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