Feeds

Europe catching US economy's cold, says Sun

Atchoo

  • alert
  • submit to reddit

New hybrid storage solutions

Sun reported lower than expected demand for Sun's new UltraSPARC III systems in its mid-quarter update yesterday, pushing revenue estimates slightly down into the $3.8 billion to $4.0 billion range for the quarter. It's the third time Sun has issued downwards revisions to its estimates.

CFO Mike Lehman said the US market has stabilised, but the company is experiencing lower than expected demand in Europe. Weaker demand for internet infrastructure companies was knocking into other areas, specifically Sun's financial customers, he said.

Some component supply concerns remain; although CFO Mike Lehman ackowledged: "we don't have all the chips we'd like," this should be resolved by the end of the quarter. Lehman was confident that an UltraSPARC III box will ship within six months. The inventory backlog may be slightly up, but is not dramatically different.

Analysts were looking for Sun to clear out supplies of older UltraSPARC II based machines.

Lehman wouldn't elaborate on questions about competition from Fujitsu Siemens, which sells Sparc-compatible kit in Europe. The latter claims to have sold over 4,000 Solaris boxes. ®

Related Story

America sneezes, Sun catches cold

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.