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CNET News: Sun Loss Levels; Acquisitions Bring Growth

Nov 02, 2005, 15:15 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Sun Microsystems on Tuesday reported a slightly narrower net loss of $123 million for its first quarter of fiscal 2006 versus previous year. The figure included results from the acquisitions of Storage Technology and SeeBeyond, as well as the mandatory arrival of stock-option accounting.

"The net loss amounted to 4 cents per share using generally accepted accounting principles, the same with the year-earlier period with a loss of $133 million. Excluding a number of charges, the company's net loss was $68 million, or 2 cents per share. That was deeper than the average 1 cent loss analysts expected, according to Thomson Financial..."

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