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> AusPCWorld > Tech News > Sun sales continue slide






   
Sun sales continue slide
Posted by mitchy_g on 17 Jan 2005 - 00:31 0 comments
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SUN MICROSYSTEMS posted a small profit for its fiscal second quarter, but year-over-year sales continued to slide as it struggled to replace business lost after the tech collapse in 2001.

Sun earned $US19 million ($25 million), or 1 cent per share, for the three months ended December, compared with a loss of $US125 million, or 4 cents per share, in the same period last year. Sales fell 1.6 per cent to $US2.84 billion from $US2.89 billion - the 15th consecutive year-on-year decline.

Excluding special items, Sun earned $US28 million, or US1c per share, in Q2, compared with a loss $US99 million, or US3c per share, in the same period last year.

Sun does not provide guidance for revenues or net earnings. Analysts expected the California-based company to earn a penny a share on sales of $US2.9 billion, according to a survey by Thomson First Call.

"We're pleased with our progress this quarter toward achieving our key financial goals," Sun's chief financial officer Steve McGowan said.

Sun has never recovered from the double hit of the dot-com implosion and the emergence of inexpensive, commodity hardware and software.

In the late 1990s, Sun equipment was behind much of the first Internet boom, powering everything from start-ups to giant corporations and government agencies. After the cash-rich dot.coms disappeared, it struggled as non-proprietary, low-cost hardware and software grew in popularity.

News source: AustralianIT



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