LOS ANGELES: Server and software maker Sun Microsystems Inc has reported its largest net loss to date after taking more than US$2bil in acquisition-related charges, but managed to squeeze out a small operating profit thanks to stronger pricing and lower-than-expected component costs.
Sun, which makes computers that manage networks, failed to reiterate a target set in November of turning in a profit by the end of its fiscal year in June, saying the economy was too murky.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!