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Sun 4Q profit falls 73 pct, guidance hurts stock

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Sun Microsystems Inc.’s profit plunged 73 percent in the most recent quarter as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker. – (Sydney Morning Herald — 2 August, 2008)
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Slumping sales to big American companies and reorganization charges weighed on the server and software maker. (New York Times — 2 August, 2008)
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Sun 4Q profit falls 73 pct, guidance hurts stock
Sun 4Q profit falls 73 pct, guidance hurts stock

Sun Microsystems Inc.’s profit plunged 73 percent in the fiscal fourth quarter as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker. – (Sydney Morning Herald — 1 August, 2008)
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Sun Microsystemss profit plunged 73 percent as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker. (New York Times — 1 August, 2008)
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Sun Microsystems Inc. says its fiscal fourth quarter profit plunged 73 percent as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker. – (Sydney Morning Herald — 1 August, 2008)
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Shares of Sun Microsystems Inc. tumbled 13 percent Friday after the server and software maker offered up worse-than-expected guidance that reflects the company’s dangerous reliance on U.S. sales in a bumpy economy. – (Sydney Morning Herald — 2 August, 2008)
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Sun Microsystems Inc. said Friday it is expanding its stock buyback program by $1 billion, an indication that the server maker believes its slumping shares are undervalued. – (Sydney Morning Herald — 2 August, 2008)
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Computer Sciences Corp. cashed in on rising demand for its technology consulting services to boost its fiscal first-quarter profit by 12 percent, topping analyst estimates. – (Sydney Morning Herald — 12 hours ago)
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Cisco Systems Inc. reported a 4 percent increase in quarterly profit Tuesday, beating analysts’ expectations by a penny per share, but signaled that the weak economy would affect results in the next few quarters. – (Sydney Morning Herald — 13 hours ago)
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Priceline.com Inc. boosted its full-year earnings guidance on Tuesday after reporting a 56 percent increase in second-quarter profit. – (Sydney Morning Herald — 12 hours ago)
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Priceline.com Inc. said Tuesday that second-quarter earnings surged 56 percent, however the online travel company noted some weakness in its international bookings and rental car business and shares dropped in after-hours trading. – (Sydney Morning Herald — 12 hours ago)
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