Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily

Sun Shares Swoon; Sees GAAP Loss in Q1; Down Revs

August 1, 2008 at 7:35 am PT

It’s another rough morning for Sun Microsystems (JAVA) shares.

This morning, Sun posted results for its fiscal fourth quarter ended June that were consistent with the guidance provided in mid-July. Revenues were $3.78 billion, gross margin was 44.3 percent, and non-GAAP profits were 35 cents a share; the company has forecast $3.725 to $3.8 billion in revenue, with gross margin in the 44-45 percent range, and non-GAAP EPS of 25 to 35 cents. Revenue in the quarter was down 1.4 percent from a year earlier; full year revenue of $13.88 billion was up 0.1 percent from fiscal 2007.

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