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Are there brighter days ahead for Sun Microsystems? |
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| Jan 29, 2009 10:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Major movement, Earnings reports, Dell (DELL), Hewlett-Packard (HPQ), Sun Microsystems (JAVA), Stocks to Sell, Technology Shares of one-time tech stalwart, Sun Microsystems (NASDAQ: JAVA) soared more than 20% yesterday after the computer server and software company posted better-than-expected results for its second fiscal quarter of 2009, which ended Dec. 28, 2008. Sun said it lost $208 million, or 28 cents per share, in the quarter, but absent one-time items it would have earned $114 million, or 15 cents per share. Revenue was $3.22 billion. Analysts surveyed by FactSet Research expected the company to lose 13 cents per share on revenue of $3.11 billion. Continue reading Are there brighter days ahead for Sun Microsystems? Are there brighter days ahead for Sun Microsystems? originally appeared on BloggingStocks on Thu, 29 Jan 2009 17:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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