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Business Briefing / Earnings

Sun Micro says revenue fell 25%

November 07, 2009|Times Wire Reports

Sun Microsystems Inc. suffered a 25% fall in quarterly revenue as uncertainty over its delayed sale to Oracle Corp. hurt its business.

Lower operating expenses helped the computer maker curb its fiscal first-quarter loss to $120 million, or 16 cents a share, from $1.68 billion, or $2.24, a year earlier, according to a filing with the Securities and Exchange Commission.

But revenue fell to $2.24 billion from $2.99 billion a year earlier and was lower than Thomson Reuters' analyst estimate of $2.34 billion.

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