Sun Microsystems Posts 3Q Profit

“Sun Microsystems Inc. swung to a profit in the third quarter,
matching Wall Street’s tepid expectations, but shares plunged on
fears that lower-than-expected revenue signaled a slowdown in its
core server business where the company has been gaining market
share.

“Sun said Tuesday its net income was $67 million, or 2 cents per
share, for the first three months of the year. That compares with a
loss of $217 million, or 6 cents per share, in the same period a
year ago…”

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