Old 05-02-2008, 01:50 PM Offline   #1 (permalink)



 
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Default Sun Will Fire 2500 Employees; Posts Huge Loss

Sun Microsystems Inc., citing impacts of the softening U.S. economy, posted a net loss on a slight decline in revenue for its third quarter and announced plans to cut up to 2,500 jobs. Shares fell 2.42 or 14.82% to $13.91 in after-hours trading.

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