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CNET News: Sun's Changing Horizon

Oct 08, 2003, 16:00 (2 Talkback[s])
(Other stories by Mike Ricciuti)

[ Thanks to codez for this link. ]

"These days, any news about Sun Microsystems seems decidedly glum.

"Last week, the company reported a $1 billion tax charge and warned of a significant quarterly loss, an announcement that financial analysts seized on as evidence that Sun's core server hardware business is losing out to cut-rate competition from Intel. Then, Merrill Lynch analyst Steven Milunovich issued an open letter Thursday to Sun CEO Scott McNealy, urging him to cut expenses through additional layoffs to avoid becoming 'irrelevant to most users, and eventually acquired.'

"But even in the face of this barrage, industry veterans say the company is hardly on the verge of collapse..."

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