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Business Briefing / Computers

Sun posts loss of $147 million

August 29, 2009|TIMES WIRE REPORTS

Sun Microsystems Inc., the server-computer maker selling itself to Oracle Corp., reported a $147-million loss in the fiscal fourth quarter.

The loss of 20 cents a share compared with a profit of $88 million, or 11 cents, a year earlier, the Santa Clara company said. Revenue dropped 31% to $2.63 billion.

Excluding some items, Sun had a loss of 3 cents a share, beating the average 9-cent loss estimate of analysts surveyed by Bloomberg. Analysts had projected sales of $2.69 billion.

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