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Sun shares tank on Q3 loss, flat Q4 guidance

Started by rp · 11 months ago

Sun Microsystems reported earnings loss of $34 million or 4 cents a share. The 3rd quarter loss includes the cost of purchasing MySQL AB, a leading data base software company, giving sun a strong foothold in the web-based companies. Schwartz, Sun CEO, added that slower-than-expected sales to government agencies also dragged down the results.

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