Practical Technology

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Red-ink Sun Set


You can’t make up results as bad as this. Sun Microsystems, in its last days as an independent company has announced absolutely horrible preliminary numbers for its fourth quarter of fiscal 2009, which ended June 30, 2009.

According to the company, Sun expects revenues for the fourth quarter of fiscal 2009 in the range of $2.580 to $2.680 billion, as compared with $3.780 billion for the fourth quarter of fiscal 2008. That’s a more than billion year-over-year dollar drop.

Sun went on to state that it anticipates a GAAP (General Accepted Accounting Principles) net loss per share for the fourth quarter of fiscal 2009 of from twenty-four to thirty-four cents per share. If you want to ignore GAAP, Sun says its net loss won’t be that bad: share holders will only lose six to sixteen cents per share.

Want to know more? Tough. “Sun will not host a conference call in conjunction with fourth quarter results. Results are expected to be posted on upon the filing of our Annual Report on Form 10-K for fiscal 2009 with the Securities and Exchange Commission, which is due no later than August 31, 2009.”

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