Spring Quarter Results: Sun Vague, Intel Pale

Posted by Scott_Ruecker on Jul 15, 2009 6:07 PM EDT
Linux Pro Magazine; By Ulrich Bantle
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In the past three months, Oracle's acquisition Sun lost over one billion dollars in revenue. The spring of 2008 had stood at $3.8 billion, while the figure for 2009 was $2.6 billion. The loss was about 10 cents per share, with the Generally Accepted Accounting Principles (GAAP) adjusting the loss to 30 cents per share. Sun's preliminary quarterly report falls short because the company wants to migrate its results into the annual report in August, their fiscal year having ended June 30.

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