Sun doubts it'll hit Q1 targets
Europe and Japan bring it down
Sun Microsystems has said its orders have fallen short of forecasts and doubts it will hit Q1 sales targets.
Sun's chief financial officer Mike Lehman has said it will take a very strong September for the company to break even, and he's not counting on it. He said sales would be more than $3.7 billion for July, which is above Sun's break even point.
Europe and Japan have brought the company down with US sales almost making targets.
Last month Sun announced a loss of $88 million for its fourth quarter on sales of $3.65 billion compared with earnings of $720 million for the same period last year. ®