Oh, Sun’s “Preconfigured for the Downturn,” All Right …
by John Paczkowski
Posted on October 21, 2008 at 2:32 AM PT
We are preconfigured for the downturn.”
– Sun CEO Jon Schwartz, Oct. 13, 2008
The econalypse is weighing heavy on Sun Microsystems. Its business sullied by the financial crisis, the company warned of a much larger-than-expected quarterly loss on lower revenue after market close Monday afternoon. Sun (JAVA) said it expects to post revenues of $2.95 billion to $3.05 billion when it reports full financials on Oct. 30. Analysts had been looking for $3.14 billion and a loss of $0.01.
Sun’s ugly news just seems to be getting uglier. “The company continues to miss its targets,” said Edward Jones analyst Bill Kreher. “There’s a lack of confidence in management, given continued shortfalls. … They are just not well-positioned … [Sun] has an uncertain future.”
Comments
Well, from looking at their products, I’d say they’re very well aligned with what I care about. Is their expense model? That’s a separate question, I think their CEO was talking about their technology portfolio.
Posted by Mylo Twelve at October 20th, 2008 at 4:59 pmMaybe they could be acquired by some better capitalized company, like Yahoo.
No, just kidding.
Posted by Mac Beach at October 20th, 2008 at 5:43 pm