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Third Quarter Fiscal 2008 Financial Results Miss Expectations Challenging US Economy Impacts Sun's Reported Net Loss, Revenue Decline
Sun's fiscal third quarter of 2008 reported a net loss of $34 million on a GAAP basis translating into a $.04 per share drop as compared with net income of $67 million, or $0.07 per share during last year's third quarter. Sun did report that the net loss included charges related to the acquisition of MySQL and the company would have had earnings of breakeven per share without this buy.
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