Sun Says It Will Cut at Least 4,000 Jobs - New York Times

Sun Says It Will Cut at Least 4,000 Jobs - New York Times: "'We view these cuts as the bare minimum,' said Brent Bracelin, an analyst with Pacific Crest Securities. He added that the cuts, which were largely expected, were already built into analysts' forecasts.
Mr. Bracelin said that the cost savings that Mr. Schwartz predicted Wednesday would help Sun meet analysts' forecast for a loss of 2 cents a share in the fourth quarter, but would not ensure the kind of consistent profitability Wall Street would like to see."