Feeds

Sun takes a Haircut as earnings slump

Red ink shock

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Sun Microsystems income crashed in the last three months for the second successive quarter, putting it in the red for the period, the company reported yesterday. Although such has been its phenomenal growth in recent years the $3.09 billion Sun earned puts it back to where it was in early 2000.

"We've taken a haircut on earnings," admitted CEO Scott McNealy. Sun's loss for the quarter was $88 million before adjustments. Product margins have taken a trip to the barbers, too: 42.6 per cent compared to 54.9 per a year ago. The company has increased R&D spend, up 17 per cent on a year ago, as it prepares to move its entire server line to UltraSPARC III. There's been some retooling of midrange servers, and work continues on UltraSPARC IV and V and MAJC processors.

You can read more about some of Sun's forthcoming hardware, which it hasn't announced yet, here.

For the fiscal year which ended with this quarter, Sun made a pro forma profit of $1.45 on earnings of $15 billion. The company has a $6 billion war chest of cash and investments.®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.