Sun doubts it'll hit Q1 targets
Europe and Japan bring it down
Posted in Hardware, 30th August 2001 11:05 GMT
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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. ®
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