Sun Microsystems basks in the glow of Internet aura; computer-server maker profits handsomely at the expense of IBM and H-P
Article Abstract:
Sun Microsystems Inc. is the top provider of computer servers to companies engaged in electronic commerce, outdistancing rivals International Business Machines Corp. and Hewlett-Packard Co. Sun's 1999 revenues rose to $3.55 billion from $2.8 billion in 1998, while profits in the fourth quarter climbed to $353.4 million from $261.4 million in 1998. The company's growth is due to holding to a policy of selling its Unix-based servers equipped with Sparc microprocessors and Solaris operating system while IBM and Hewlett market a variety of servers, chips and operating systems. Sun recently signed a five-year, $350 million contract with Enron Corp. and expects to launch a new line of servers in mid-2000 designed to compete against newer Unix-based systems.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Sun Microsystems tops street estimates
Article Abstract:
Sun Microsystems posted Q1 net income of $508.1 mil on revenues of $4 bil. Comparable results from Q1 1999 were income of $251.7 mil on $2.96 bil in revenues. Sun faces increasing competition in its server and network software business from companies like Intel, Microsoft, IBM, Hewlett-Packard and the free Linux operating system. In response, Sun has cut the prices on some of its servers 44%. It has also converted its internal processes to an intranet, a move the company predicts will save $200 mil this year.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Sun's earnings increase 75%, top forecasts
Article Abstract:
Sun Microsystems' earnings jumped 75%, sales revenue was up 14% and profits were up 22% in its fiscal second quarter ended 12/27/98. Sales abroad were either strong or stable and the company is enjoying good sales and recognition in the U.S. partly because of its role in the Microsoft trial. Palo Alto-based Sun makes servers for large networks and software known as Java and Jini.
Comment:
Computer firm had a good second quarter
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: How Sun coped with its embarassing server flaw; while computer maker feels the problem is covered now, some critics voice doubts
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