Sun announced preliminary results for its fourth quarter of fiscal 2008, which ended June 30, 2008:

• $3.725 to $3.800 billion, as compared with $3.835 billion for the fourth quarter of fiscal 2007

• Total gross margin as a percent of revenues expected to be in the range of 44 to 45 percent.

• GAAP net income per diluted share for the fourth quarter in the range of $0.05 to $0.15. GAAP net income per diluted share

• includes a restructuring charge of approximately $100 million.

• On a non-GAAP basis, expected net income per diluted share in the range of $0.25 to $0.35.

"In these difficult economic times, we continue to see customers across the world look to open software and hardware as a source of savings, and feel Sun is well positioned with our most robust line ever of server, storage, software and service offerings," said Jonathan Schwartz, CEO of Sun Microsystems.

Sun will report its complete fourth quarter and full fiscal year 2008 financial results on Friday, August 1, 2008. The company will host a conference call on August 1, 2008 to review the complete financial results beginning at 5:00 a.m. PT / 8:00 a.m. ET. [...read more...]

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