Perhaps Sun’s final chapter as an independent company
Charges just ahead of acquisitions are fairly typical as companies look to get costs off their books that could affect the acquirer's earnings after a deal closes, analysts said.
Cross Research analyst Richard Williams called it a "kitchen sink" quarter. Williams said he sees no obstacles for Oracle's acquisition, which is set to close this summer.
Excluding items, Sun expects a loss of 6 cents to 16 cents per share. Sales for the computer server and software maker are expected to be between $2.58 billion and $2.68 billion, down from $3.78 billion a year ago.
Business & Technology | Prepping for Oracle, Sun predicts weak results | Seattle Times Newspaper
No comments:
Post a Comment