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System News > Volume 122 > Issue 5 > Sun News >

April 28, 2008
Article #19735
Volume 122, Issue 5
News
 

The U.S. economy presented Sun with significant challenges in the third quarter

-- Jonathan Schwartz, Sun
 

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. [...read more...]

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