Old 05-02-2008, 07:50 AM Offline   #1 (permalink)



 
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Default Sun Microsystems 3Q Loss Stuns Wall Street

Sun Microsystem was battered on Wall Stre Friday after it unexpectedly reported a loss in its 3Q; an hour into trading shares were still down 19 percent. Customers are putting off the purchase of big-ticket items until the economy improves. Sun also forecast flat 4Q revenues said it plans to cut between 1,500 and 2,500 jobs.
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