Sun Microsystems narrows Q1 net loss

Sun Microsystems [NasdaqNM:SUNW] fell below its reduced revenue targets but also managed to narrow its loss for its fiscal first quarter.

Sun Microsystems narrows Q1 net loss
Fri, 18 Oct, 2002 - 11:40

Sun Microsystems [NasdaqNM:SUNW] fell below its reduced revenue targets but also managed to narrow its loss for its fiscal first quarter.

It also announced plans to cut 11% of its workforce, as the company is attempting to address weaker budgets in the corporate server market, as well as increased competition from other vendors.

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CourtsHeathrowPerson: CFOPerson: Steve McGowanPerson: CEOPerson: Scott McNealyOrganisation: Sun MicrosystemsOrganisation: Sun
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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