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Sun Microsystems to Lay Off 4,400 Workers, Posts $111 Million Loss (San Jose Mercury News)
The San Jose Mercury News
reports on losses and layoffs at Sun Microsystems. "The Santa
Clara computer maker announced the layoffs as it reported a net loss of
$111 million, or 4 cents a share, for the first fiscal quarter ended
Sept. 29, compared with a $180 million loss, or 6 cents a share, for the
same period a year earlier. Revenue was $2.75 billion, down 4 percent from
$2.86 billion a year earlier and down 20 percent from the previous
quarter."
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