CNET News: Sun's Changing Horizon
Oct 08, 2003, 16:00 (2 Talkback[s])
(Other stories by Mike Ricciuti)
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"These days, any news about Sun Microsystems seems decidedly
"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..."