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July 31, 2007 | From Times Wire Services
Sun Microsystems Inc. posted a fiscal fourth-quarter profit that beat Wall Street's expectations as the server and software maker benefited from lower expenses and increased adoption of its open-source operating system. Shares jumped more than 10%. Sun said it earned $329 million, or 9 cents a share, for the quarter ended June 30. That contrasts with a loss of $301 million, or 9 cents, a year earlier. Revenue was $3.84 billion, a slight increase from the $3.
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BUSINESS
April 17, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — It's being called the World Series of intellectual property trials. Oracle Corp. has accused Google Inc.'s top executives of swiping a crucial bit of technology to build its Android software that now powers more than 300 million mobile devices. The showdown between the two Silicon Valley heavyweights got underway in a San Francisco federal courtroom this week with a blast of high-tech star power as the dueling multibillionaire chief executives, Oracle's Larry Ellison and Google's Larry Page, took the stand.
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BUSINESS
January 18, 1996
Unisys Corp.'s storage systems unit said it has struck a deal to work on a new disk-storage product with Sun Microsystems Computer Co. The new product from Sun Microsystems will use a Unisys disk storage system. Unisys said the value of the agreement to its Mission Viejo-based unit will be about $10 million in the first year of the partnership. Production is scheduled to begin early this year, the companies said. Sun Microsystems Computer Co.
BUSINESS
January 31, 2012 | By Jessica Guynn, Los Angeles Times
Apple Inc. has 1 Infinite Loop and Genentech Inc. has 1 DNA Way. But Facebook Inc. now lays claim to Silicon Valley's premier vanity address: 1 Hacker Way. After journeying from a Harvard dorm room to a rented house in Palo Alto to a series of temporary corporate offices it quickly outgrew, the 8-year-old social networking giant has set down permanent roots just in time for its initial public offering. And its splashy new campus in Menlo Park has quickly become the envy of its Silicon Valley neighbors.
BUSINESS
December 17, 1997
Santa Clara voters will decide whether Sun Microsystems should build a $230-million research-development complex on 82 acres of the former Agnews State Hospital site, which includes historic buildings. The county registrar said opponents have gathered enough signatures to put the issue on the ballot, possibly as early as April. The measure seeks to reverse the City Council's approval of the plan.
BUSINESS
December 16, 2003 | From Associated Press
Sun Microsystems Inc. and its units are paying $291,000 in fines to settle allegations that the computer giant exported computers to China that were used for military purposes, the Commerce Department said. Santa Clara, Calif.-based Sun is one of the best-known technology firms to be fined in a Commerce Department crackdown on illegal exports. The agency's Bureau of Industry and Security is conducting about 1,500 investigations into illegal exports.
BUSINESS
April 16, 1998 | From Bloomberg News
Sun Microsystems Inc. on Wednesday named Greg Papadopoulos chief technology officer, filling a vacancy left last April when Eric Schmidt became Novell Inc.'s chairman and chief executive. Papadopoulos, 39, was formerly vice president of technology and advanced development for Sun Microsystems Computer Co. He'll be responsible for assessing Sun's technology investments and directing the laboratories where much of the company's research and development takes place.
BUSINESS
September 26, 2001 | Reuters
Network computer maker Sun Microsystems Inc. will announce a "digital identity" initiative today, a move that appeared to take aim at an old foe--Microsoft Corp.--and the software giant's Passport system for Internet commerce. Sun said that Chairman and Chief Executive Scott McNealy will unveil the initiative "surrounding digital identity solutions" with an alliance of industry partners in a morning conference call.
BUSINESS
January 25, 2006
Server and software maker Sun Microsystems Inc. posted a larger-than-expected loss in its fiscal second quarter but saw revenue grow as a result of recent acquisitions. For the three months ended Dec. 25, the company lost $223 million, or 7 cents a share, contrasted with a profit of $4 million, or break-even per share, in the same period of its previous fiscal year. Sales increased 17% to $3.34 billion from $2.
BUSINESS
September 18, 1990 | United Press International
Sun Microsystems Inc. said it has won a major contract with GE Aerospace and filed documents with the Securities and Exchange Commission for a stock offering. The computer workstation maker said it was chosen as the sole supplier of engineering workstations to GE Aerospace, a deal that could be worth $100 million over two years. Sun also said it plans a stock offering of 5.9 million new shares of common stock and 1.1 million shares to be sold by current shareholders.
BUSINESS
June 23, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Square, the mobile payments start-up from Twitter Inc. co-founder Jack Dorsey, has added former Treasury Secretary Lawrence H. Summers to its board of directors. Until late last year, Summers served as President Obama's chief economic advisor. He was president of Harvard University from 2001 to 2006 — while Facebook founder Mark Zuckerberg was a student. The San Francisco payments processor — known for its small, white, cubed credit card readers that plug into the headphone jacks of smartphones and tablets in place of a register — added an extra seat to its board for Summers.
BUSINESS
February 9, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Facebook Inc. is moving its headquarters from Palo Alto to the nearby former home of Sun Microsystems in Menlo Park. David Ebersman, Facebook's chief financial officer, announced the move Tuesday in a news conference at the 57-acre Menlo Park property. Facebook signed a 15-year lease for the Menlo Park campus with the option to buy it in five years, according to a company spokeswoman who asked that she not be named because she was not authorized to speak on the details of the lease.
BUSINESS
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.
BUSINESS
April 6, 2009 | Associated Press
IBM Corp. withdrew its offer to buy Sun Microsystems Inc. for about $7 billion this weekend, clouding the prospects for a deal that would have shaken up the computing industry, two people familiar with the situation said Sunday. Talks were in their final stages in recent days, but IBM took its offer off the table after Sun terminated IBM's status as its exclusive negotiating partner, said the people, who spoke on condition of anonymity because they were not authorized to disclose the talks.
BUSINESS
August 2, 2008 | From Times Wire Services
Sun Microsystems Inc. said that profit fell 73% last quarter and that it didn't expect to make money this quarter as customers of its server computers cope with an economic slump. Net income for the April-to-May fiscal fourth quarter fell to $88 million, or 11 cents a share, from $329 million, or 36 cents, a year earlier, Santa Clara, Calif.-based Sun Micro said. U.S. sales, which accounted for more than a third of revenue, fell 9.4%. Revenue dropped 1.4% to $3.78 billion.
BUSINESS
November 15, 2005 | From Associated Press
Looking to leapfrog its rivals, computer maker Sun Microsystems Inc. announced a server chip that it said would deliver more performance while requiring less electricity than competing microprocessors. The UltraSparc T1 processor, code-named Niagara, has eight computing engines on a single chip, with each core capable of handling as many as four tasks at once, Sun said Monday. It expects to ship systems based on the processor by year-end.
BUSINESS
April 13, 1991 | JONATHAN WEBER, TIMES STAFF WRITER
If imitation is the sincerest form of flattery, then the folks at Sun Microsystems--never famous for modesty--should be feeling especially good about themselves these days. From International Business Machines to Next Inc. to the 21-company Compaq-Microsoft-Digital Equipment consortium announced last Tuesday, nearly everyone in the industry is trying to follow Sun's lead in selling high-powered desktop computers.
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