Sun's Profits Dip 73 Percent, Pins Hopes on Open Source
Aug 04, 2008, 06:00 (1 Talkback[s])
(Other stories by Sam Dean)
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"Some observers are blaming the drop in profit on
slumping revenues, but revenues were $3.78 billion, down only 1.4
percent from a year ago, and the company has continued with
cost-cutting measures as the economy underperforms. The real reason
for the slump in profits is that Sun has faced heavy competition
from IBM and Hewlett-Packard in the high margin server market.
Still, Sun maintains that its many open source initiatives will
lead it toward brighter days."