Financial

posted on 16 July 2008 09:03

Sun reported preliminary results for is fourth fiscal quarter, ending June 30th, with revenues of $3.725 billion to $3.8 billion compared to the year-ago quarter's $3.835 billion.

Not outstanding but not terrible either. CEO Jonathan Schwartz said: "In these difficult economic times, we continue to see customers across the world look to open software and hardware as a source of savings, and feel Sun is well positioned with our most robust line ever of server, storage, software and service offerings."

Thev shares have bottomed out after recent falls and are trading around $8.80, with a market capitalization of $6.88 billion.

Sun will report its complete fourth quarter and full fiscal year 2008 financial results on Friday, August 1, 2008.

^{[B&F news staff.]}