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Sun Microsystems Reports Final Results for the First Quarter Fiscal Year 2009SANTA CLARA, Calif. - October 30, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its first quarter of fiscal 2009, which ended September 28, 2008.
Revenues for the first quarter of fiscal 2009 were $2.990 billion, a decrease of 7.1 percent as compared with $3.219 billion for the first quarter of fiscal 2008. Total gross margin as a percent of revenues was 40.2, a decrease of 8.3 percentage points, as compared with the first quarter of fiscal 2008.
Net loss for the first quarter of fiscal 2009 on a GAAP basis was $1.677 billion, or $(2.24) per share on a diluted basis, as compared with a net income of $89 million, or $0.10 per share, for the first quarter of fiscal 2008. GAAP net loss per share includes a $1.445 billion non-cash charge for goodwill impairment. It also includes a restructuring charge of approximately $63 million pursuant to the restructuring that commenced in the fourth quarter of fiscal 2008.
On a non-GAAP basis, net loss for the first quarter of fiscal 2009 was $65 million, or $(0.09) per share on a diluted basis, as compared with a non-GAAP net income of $285 million, or $0.32 per share, for the first quarter of fiscal 2008. Non-GAAP net loss per share excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, the goodwill impairment charge, net gain on equity investments and the tax effect of these non-GAAP adjustments.
Sun ended the quarter with a cash and marketable debt securities balance of $3.121 billion and generated cash flow from operations for the first quarter of fiscal 2009 of $148 million.
"Although we saw another quarter of growth in our Solaris-based Chip Multi-Threading and Open Storage systems, the economic downturn continued to weigh on our customers, especially those that contribute to our traditional high-end businesses," said Jonathan Schwartz, CEO of Sun Microsystems. "With a continued focus on operational alignment, a strong cash position, and the market increasingly looking to open source innovation as a vehicle to escape proprietary vendor pricing, we believe Sun is well positioned to weather the downturn and ultimately become the biggest beneficiary in the open source revolution in both systems and software."
First Quarter Highlights
Sun reported 83 percent year-over-year billings growth in its Solaris-based Chip Multi-Threading systems as customers continued to demand the nearly 10,000 applications available for Solaris 10, while enjoying integrated virtualization and exceptional power efficiency.
Sun's Solaris-based Open Storage product line continued to see aggressive growth during the quarter as the adoption of ZFS - the most advanced file system available in the open source community – and open systems continue to be ever more critical for addressing customer pain points in today's challenging economic environment.
Sun reported 12 percent year-over-year revenue growth in the Emerging Markets region, with India, Latin America and a combined Russia, Middle East and Africa geography growing double digits year-over-year.
Sun announced a new version of Sun xVM VirtualBox as well as xVM VirtualBox Software Enterprise Subscription, offering 24/7 premium support for enterprise users. Sun xVM VirtualBox also surpassed 6.5 million downloads worldwide and 15,000 downloads per day.
Sun partnered with Fujitsu on a new enhanced line of SPARC Enterprise servers that deliver a virtualization and consolidation platform with up to 80 percent better performance on commercial applications and 2x better performance on HPC workloads and using 44 percent less energy per core.
Sun will host a conference call today to review the complete financial results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
Goodwill Impairment Analysis
Based on a combination of factors, including the current economic environment, Sun's operating results, and a sustained decline in Sun's market capitalization, the Company concluded that there were sufficient indicators to require Sun to perform an interim goodwill impairment analysis as of September 28, 2008. Sun has not yet completed this analysis. The Company has concluded, however, that an impairment loss can be reasonably estimated. Accordingly, the Company has recorded a $1.445 billion non-cash goodwill impairment charge during the first quarter of fiscal 2009. The Company expects to finalize its goodwill impairment analysis during the second quarter of fiscal 2009, and may make an adjustment to that charge or record an additional non-cash goodwill impairment charge when the goodwill impairment test is completed.
Safe Harbor
This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding the estimated goodwill impairment loss, Sun's expectations regarding the completion of the goodwill impairment analysis, the market's increasing look to open source innovation, Sun's ability to weather the economic downturn and Sun becoming the biggest beneficiary in the open source revolution in both systems and software. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: changes in estimates or judgments related to the goodwill impairment analysis; competition; pricing pressures; the complexity of Sun's products and the importance of rapidly and successfully developing and introducing new products; Sun's dependence on significant customers, specific industries and geographies; delays in product development or customer acceptance and implementation of new products and technologies; Sun's ability to implement a new enterprise resource planning system; a material acquisition, restructuring or other event that results in significant charges; failure to successfully integrate acquired companies; reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with the quality of Sun's products; risks associated with international customers and operations; Sun's dependence on channel partners; failure to retain key employees; and risks associated with Sun's ability to achieve expected cost reductions within expected time frames. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.
To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net loss and non-GAAP net loss per share data on a diluted basis. The presentation of these non-GAAP financial measures should be considered in addition to Sun's GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Sun's performance. These non-GAAP financial measures also facilitate comparisons to Sun's historical performance and its competitors' operating results. Sun includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Calculation of Non-GAAP Net Income (Loss)" following the text of this press release.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
# # #
Sun, Sun Microsystems, the Sun logo, Java, Solaris, OpenSolaris, MySQL, xVM, VirtualBox and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries.
All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.
Investor Contact:
Ron Pasek
650-786-8008
ron.pasek@sun.com
Press Contact:
Kristi Rawlinson
650-786-6933
kristi.rawlinson@sun.com
Industry Analyst Contact:
Kathy Engle
415-294-4368
kathy.engle@sun.com
Sun Microsystems Reports Preliminary Results for the First Quarter Fiscal Year 2009Sun Microsystems Reports Preliminary Results for the First Quarter Fiscal Year 2009
SANTA CLARA, Calif. - October 20, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported preliminary results today for its first quarter of fiscal 2009, which ended September 28, 2008.
Sun expects to report revenues for the first quarter of fiscal 2009 in the range of $2.950 to $3.050 billion, as compared with $3.219 billion for the first quarter of fiscal 2008. Total gross margin as a percent of revenues for the first quarter of fiscal 2009 is expected to be in the range of 39 to 41 percent.
Sun anticipates reporting GAAP net loss per share, before the impact of the potential goodwill impairment charge discussed below, for the first quarter of fiscal 2009 in the range of $(0.25) to $(0.35). GAAP net loss per share includes a restructuring charge of approximately $60 million pursuant to the restructuring announced on August 1, 2008. On a non-GAAP basis, Sun expects to report net loss per share in the range of $(0.02) to $(0.12). Non-GAAP net loss per share excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets (including the potential goodwill impairment charge discussed below), net gain or loss on equity investments and the tax effect of these non-GAAP adjustments.
Based on a combination of factors, including the current economic environment, Sun's operating results, and a sustained decline in Sun's market valuation, the Company has concluded that it is likely that the fair value of one or more of its reporting units has been reduced below its carrying value. As a result, Sun is currently conducting an interim goodwill impairment analysis to determine the required amount of the non-cash impairment charge, if any. As of September 28, 2008, prior to the impact of this potential non-cash impairment charge, Sun's total goodwill balance was $3.2 billion of which $1.8 billion relates to reporting units that may be impaired.
"Sun and its customers are seeing the impact of a slowing economy. We believe we are positioned to offer the kinds of products that can radically help customers reduce expenditures for their infrastructure from Open Storage to Solaris-based Chip Multi-Threading (CMT) systems to offering the most eco-efficient systems in the market," said Jonathan Schwartz, CEO of Sun Microsystems.
Sun will report its complete first quarter of fiscal year 2009 financial results on Thursday October 30, 2008 and will host a conference call to review the complete financial results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding Sun's estimated revenues, total gross margin, GAAP and non-GAAP net loss per share, restructuring charge, impairment charge and statements regarding the impact of the economy on Sun and its customers and Sun's ability to offer products that can help customers reduce infrastructure expenditures. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Sun's preliminary results announced in this press release are based on preliminary information about the first quarter of fiscal 2009 and are subject to revision. Although the quarter is now completed, Sun is still in the early stages of its standard financial reporting closing procedures. Accordingly, as Sun completes its normal quarter-end closing and review processes, actual results could differ materially from these preliminary estimates. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: inaccurate data or assumptions; unforeseen expenses; changes in estimates or judgments related to tax liabilities; potential goodwill impairments; potential litigation, bad debts or other contingencies; facts or circumstances affecting the application of Sun's critical accounting policies, including revenue recognition; competition; pricing pressures; the complexity of Sun's products and the importance of rapidly and successfully developing and introducing new products; Sun's dependence on significant customers, specific industries and geographies; delays in product development or customer acceptance and implementation of new products and technologies; Sun's ability to implement a new enterprise resource planning system; a material acquisition, restructuring or other event that results in significant charges; failure to successfully integrate acquired companies; reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with the quality of Sun's products; risks associated with international customers and operations; Sun's dependence on channel partners; failure to retain key employees; and risks associated with Sun's ability to achieve expected cost reductions within expected time frames. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.
To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net loss per share data. The presentation of this non-GAAP financial measure should be considered in addition to Sun's GAAP results and is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that this non-GAAP financial measure provides meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to this non-GAAP financial measure in assessing Sun's performance. This non-GAAP financial measure also facilitates comparisons to Sun's historical performance and its competitors' operating results. Sun includes this non-GAAP financial measure because management believes it is useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP net loss per share ($(0.02) to $(0.12)) is equal to GAAP net loss per share ($(0.25) to $(0.35)) as adjusted to exclude amortization of acquisition related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments (an aggregate adjustment of $0.23 per share).
# # #
Sun, Sun Microsystems, the Sun logo, Java, Solaris and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries.
Investor Contact:
Ron Pasek
650-786-8008
ron.pasek@sun.com
Press Contact:
Kristi Rawlinson
650-786-6933
kristi.rawlinson@sun.com
Industry Analyst Contact:
Kathy Engle
415-294-4368
kathy.engle@sun.com
Sun Microsystems to Report First Quarter Fiscal 2009 Financial Results on October 30, 2008SANTA CLARA, Calif., September 26, 2008 -- Sun Microsystems, Inc. (Nasdaq: JAVA) will report its first quarter fiscal year 2009 financial results on Thursday, October 30, 2008. The company will host a conference call to review the results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.
Sun Microsystems Reports Final Results for Full Fiscal Year and Fourth Quarter 2008Announces Additional $1 Billion Share Repurchase Authorization
SANTA CLARA, Calif. - August 1, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its full fiscal year and fourth quarter, which ended June 30, 2008.
For the full fiscal year, Sun reported revenues of $13.880 billion, an increase of 0.1 percent over fiscal year 2007. Revenues for the fourth quarter of fiscal 2008 were $3.780 billion, a decrease of 1.4 percent from $3.835 in the fourth quarter of fiscal 2007. Total gross margin as a percent of revenues for the full fiscal year was 46.5 percent, an increase of 1.3 percentage points over fiscal year 2007. Gross margin for the fourth quarter of fiscal 2008 was 44.3 percent, a decrease of 2.9 percentage points from the fourth quarter of fiscal 2007.
Net income on a GAAP basis for the full fiscal year was $403 million, or $0.49 per share on a diluted basis, as compared with net income of $473 million, or $0.52 per share on a diluted basis, for fiscal year 2007. Net income for the fourth quarter of fiscal 2008 was $88 million, or $0.11 per share on a diluted basis, as compared with net income of $329 million, or $0.36 per share on a diluted basis, for the fourth quarter of fiscal 2007.
Non-GAAP net income for the full fiscal year was $1.101 billion, or $1.34 per share on a diluted basis, as compared with non-GAAP net income of $1.003 billion, or $1.11 per share on a diluted basis, for fiscal year 2007. Non-GAAP net income for the fourth quarter of fiscal 2008 was $275 million, or $0.35 per share on a diluted basis, as compared with non-GAAP net income of $458 million, or $0.50 per share on a diluted basis, for the fourth quarter of fiscal 2007. Non-GAAP net income excludes purchased-in-process research and development, amortization of acquisition related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, net gain or loss on equity investments, settlement income and the tax effect of these non-GAAP adjustments.
Cash generated from operations for the full fiscal year was $1.3 billion, and the cash and marketable debt securities balance at the end of the year was approximately $3.3 billion.
"On a year-over-year basis, we saw significant improvements across a number of key operating metrics ranging from gross margins to non-GAAP earnings per share and cash flow from operations," said Jonathan Schwartz, CEO of Sun Microsystems. "Despite this progress and strong growth in international geographies, slowing performance in the U.S. impacted top line revenue growth. Looking forward, we remain confident in open source innovation as the accelerant to our growth strategy through increased adoption of our open source offerings – from the OpenSolaris operating system and the MySQL database to the Lustre and ZFS storage systems, the foundation of our open storage platforms."
Full Fiscal Year & Fourth Quarter 2008 Highlights:
On an annual basis, Sun improved gross margins by 1.3 percentage points, decreased total R&D and SG&A expenses by $70 million, improved non-GAAP net income per share on a diluted basis by 21 percent and increased cash flow from operations by $371 million.
Sun reported double-digit annual revenue growth in key international markets including Brazil, India, Russia and Greater China.
Global demand for MySQL continued to accelerate, with billings growth in the fourth quarter of over 44 percent year-over-year.
Sun's energy-efficient, Solaris-based Chip Multi-Threading (CMT) systems delivered 61 percent year-over-year billings growth in Q4, and for fiscal year 2008 was a $1.1 billion dollar business for Sun.
ZFS, the foundation of Sun's Open Storage product line, saw increased adoption across the globe during the quarter, and along with the Sun Fire x4500 server - the world's first hybrid server/storage data server - helped customers reduce costs through the use of open source software on industry standard systems.
During the fourth quarter, Sun continued to leverage its cash position, spending $464 million to repurchase 35.7 million shares of its common stock. Currently, $36 million remains of the $3 billion share repurchase program announced in Sun's fourth quarter of fiscal 2007. Sun also announced today that its Board of Directors authorized an additional repurchase of up to $1 billion of the company's outstanding common shares. For more information about this share repurchase, please see the press release issued by Sun today which can be found at www.sun.com/investors.
Sun has scheduled a conference call today to discuss its financial results for the full fiscal year and fourth quarter 2008 at 5:00 a.m. (PT) / 8:00 a.m. (ET), which is being broadcast live at www.sun.com/investors.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding Sun's confidence in open source innovation as the accelerant to its growth strategy, the rate of adoption of Sun's open source offerings and the offerings constituting the foundation of Sun's open storage platforms. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: risks associated with developing, designing, manufacturing and distributing new products; lack of success in technological advancements; pricing pressures; lack of customer acceptance and implementation of new products and technologies; the possibility of errors or defects in new products; a material acquisition, restructuring or other event that results in significant charges; competition; adverse business conditions; failure to retain key employees; the cancellation or delay of projects; Sun's reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with Sun's international customers and operations; delays in product development; Sun's dependence on significant customers and specific industries; and Sun's dependence on channel partners. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended September 30, 2007, December 30, 2007 and March 30, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.
To supplement Sun's financial results presented in accordance with GAAP, Sun provides non-GAAP net income and non-GAAP net income per share on a diluted basis. The presentation of these non-GAAP financial measures should be considered in addition to Sun's GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Sun's performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Sun's performance. These non-GAAP financial measures also facilitate comparisons to Sun's historical performance and its competitors' operating results. Sun includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Calculation of Non-GAAP Net Income" following the text of this press release.
# # #
Sun, Sun Microsystems, the Sun logo, OpenSolaris, MySQL, Lustre, ZFS, Solaris, Sun Fire and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries.
Investor Contact:
Ron Pasek
650-786-8008
ron.pasek@sun.com
Press Contact:
Kristi Rawlinson
650-786-6933
kristi.rawlinson@sun.com
Industry Analyst Contact:
Kathy Engle
415-294-4368
kathy.engle@sun.com
Sun Microsystems to Report Fourth Quarter Fiscal 2008 Financial Results on August 1, 2008SANTA CLARA, Calif., July 2, 2008 -- Sun Microsystems, Inc. (Nasdaq: JAVA) will report its fourth quarter fiscal year 2008 financial results on Friday, August 1, 2008. The company will host a conference call to review the results beginning at 5:00 a.m. PT / 8:00 a.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.
Sun Corrects JES Subscriber Number for Q3FY08The number of Java Enterprise System Subscribers reported for Sun's Q3FY08 was over 1.9 million, rather than over 1.8 million as previously reported in connection with Sun's Q3FY08 earnings call financial slides. An updated version of the Q3FY08 earnings call financial slides is available at http://www.sun.com/aboutsun/investor/earnings_releases/call_slides.jsp.
Sun Microsystems Reports Third Quarter Fiscal Year 2008 ResultsSun Microsystems Reports Third Quarter Fiscal Year 2008 Results
SANTA CLARA, Calif. - May 1, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its fiscal third quarter, which ended March 30, 2008.
Sun Microsystems to Report Third Quarter Fiscal 2008 Financial Results on May 1, 2008SANTA CLARA, Calif., March 31, 2008 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its third quarter fiscal year 2008 financial results on Thursday, May 1, 2008. The company will host a conference call to review the results beginning at 1:30 p.m. PT. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.
Sun Microsystems Reports Second Quarter Fiscal Year 2008 Results; Improved Margins and Bookings Growth Signal Strength in Customer DemandSun Microsystems Reports Second Quarter Fiscal Year 2008 Results
Sun Microsystems to Report Second Quarter Fiscal 2008 Financial Results on January 24, 2008SANTA CLARA, Calif., December 19, 2007 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its second quarter fiscal year 2008 financial results on Thursday, January 24, 2008. The company will host a conference call to review the results beginning at 1:30 p.m. PT. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun has established an Official Investor Communications section of its website allowing investors to receive timely notifications of material news from Sun including SEC filings, investor events, press releases and CEO blog postings. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.
Sun Microsystems Delivers Another Solid Quarter; Reports Results for First Quarter Fiscal Year 2008SANTA CLARA, Calif. - November 5, 2007 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its fiscal first quarter, which ended September 30, 2007.
Sun Microsystems to Report Q1 Fiscal 2008 Financial Results on November 5, 2007SANTA CLARA, Calif., October 9, 2007 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its first quarter fiscal year 2008 financial results on Monday, November 5, 2007. The company will host a conference call to review the results beginning at 1:30 p.m. PST. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. In addition, Sun has established an Official Investor Communications section of its website allowing investors to receive timely notifications of material news from Sun including SEC filings, investor events, press releases and CEO blog postings. For more information about Sun's syndicated content service, or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.
Sun Microsystems Exceeds Profit Target; Reports Results for Fourth Quarter and Full Fiscal Year 2007SANTA CLARA, Calif. - July 30, 2007 - Sun Microsystems, Inc. (NASDAQ: SUNW) reported results today for its fourth quarter and full fiscal year, which ended June 30, 2007, exceeding its operating margin target, improving gross margin and delivering another sequential quarter of profit.
Sun Microsytems - Q4FY07 EarningsQ4 Earnings will be announced Monday, July 30, 2007.
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