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Red-ink Sun Set

Jul 14, 2009, 20:01 (0 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

[ Thanks to Steven J. Vaughan-Nichols for this link. ]

"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"

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