US$2b Q2 net loss for Sun Microsystems


  • Business
  • Saturday, 18 Jan 2003

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. 

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