Sun plans layoffs following weak quarter; Blames U.S. economy

Courtesy ZDNET - Between the Lines  Thu, 05/01/2008 - 4:04pm

Sun Microsystems’ third quarter results were hurt by “significant challenges” related to the slowing U.S. economy.

Sun also plans to cut 1,500 and 2,500 jobs. The company on Thursday reported a third quarter net loss of $34 million, or 4 cents a share, on revenue of $3.26 billion, down 0.5 percent from a year ago.

Excluding [...]


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