Newsgroup: it.economia.borsa.estero
Titolo: sun , ma non aveva risultati migliori delle aspettative ???

Sun Reports Loss, Beats Estimates and Cuts Jobs
By JOHN MARKOFF
AN FRANCISCO, Oct. 17 - Struggling with an increasingly uncertain and bleak
corporate economy, Sun Microsystems said yesterday that it would lay off 11
percent of its employees and reported a loss for its first quarter, but it
still exceeded Wall Street's earnings expectations.
Through 2001, Sun, a computer company, was one of the biggest beneficiaries
of both the dot-com boom and the telecommunications and Internet industry
expansions. Now the company is trying to navigate an increasingly
challenging technology recession, as corporate capital spending declines and
competitors offering the Windows and Linux operating systems on their
computers challenge Sun.
Sun said that it planned to cut 4,400 employees at sites around the world,
beginning in November. Sun now employs about 39,400 workers.
The cuts were lower than financial analysts had speculated in recent days.
Several Wall Street technology analysts said that the level suggested that
Sun's chief executive, Scott McNealy, was having some success in managing
the company through the recession.
Sun's revenue for the first quarter of its 2003 fiscal year was $2.75
billion, down 4 percent from $2.86 billion in the quarter a year earlier.
The figure was slightly less than analysts had expected, and the company
said that an end-of-the-quarter improvement it had hoped for had not
materialized.
But the company's net loss for the first quarter was $111 million, or 4
cents a share, compared with a net loss of $180 million, or 6 cents a share,
for the year-earlier period. Excluding several one-time financial charges
and benefits - including a $31 million loss on equity investments, a $24
million charge in connection with previous revamping charges and a $22
million tax benefit - the net loss was $78 million, or 2 cents a share. The
Wall Street consensus was a loss of 4 cents a share, according to Thomson
First Call. Sun's stock closed at $2.99 in regular trading, up 19 cents, and
rose after hours as high as $3.09.
The company said it was pushing hard to break even financially and suggested
that if it saw some seasonal improvement in the economy, it might return to
profitability in the second half of next year.
Sun's break-even point was once $4 billion, and the company has made
continual cutbacks as the economy has deteriorated. Sun's chief financial
officer, Steve McGowan, said the company would now break even around $3.2
billion, but he said that would be affected by Sun's margins.
The company said that it was continuing to generate cash despite its losses
and that the amount of cash it had on hand had grown to $5.2 billion,
against $1.5 billion in debt.
Sun said it had paid off $200 million in debt and bought back $500 million
in stock during the quarter as a demonstration of its financial strength.
"They're a big company; they're not going away," said Steven Milunovich, a
financial analyst at Merrill Lynch. He noted that corporations would
increasingly need the technology that Sun was selling, but the challenge for
the company would be to remain relevant to its customers.
Despite Sun's continued losses, its executives said that the company was
holding its own in market share. Mr. McNealy said that third-party data
showed that Sun had increased its share of the Unix market against the
Hewlett-Packard Company, one of its closest competitors. Sales were down 7
percent for the quarter in the United States, flat in Europe and down 13
percent in Japan.
The company said one bright spot was the sales of its new Star Office
software package, which had revenue of $5.8 million for the quarter. The
company hopes to compete on cost against Microsoft's Windows and Office
desktop suites, luring corporate customers who have tens of thousands of
personal computers.

quando copio da una pagina web di solito la faccio passare sul notepad ;-(
comunque l'allegato è esente virus garantito :-)

 comunque l'allegato è esente virus garantito :-)
Non importa Salmy ..grazie lo stessi
W per i tuoi botticini.
ciao ( chiedi a Ferdy )