Apple warns it will record quarterly loss

Article Abstract:

Apple Computer revised revenue down from $1.6 bil to $1 bil, a loss of $225 mil to $250 mil for the quarter ending Dec. 30. CEO Steve Jobs said US and international sales had slowed partly because of general economic conditions. In addition, Apple faulted itself for declining market share in the education market and slow product development for speedier CPUs. The company says it has $11 bil in cash and investments to see it through the quarter and any further uncertainty 2001 might bring.

Statistical Data Included, Forecasts and trends, Apple Computer Inc., Company losses

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Sun reduces expectations on earnings; company cites slowing of business in Europe

Article Abstract:

Sun Microsystems Inc. has revised its fiscal fourth-quarter results downward. The forecast for the quarter, which ends June 30, 2001, cites revenue as $3.8-4 billion and stock value as two to four cents a share, rather than the six cents a share predicted by industry analysts. Sun's CFO Michael Lehman said that a fall-off of European sales is the driving force behind the updated forecast.

Sun Microsystems Inc., SUNW

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Apple tops analysts' lowered forecasts; but it cautions that holiday sales may not meet expectations

Article Abstract:

Apple Computer Inc. reports that it has exceeded the lowered forecasts for its fourth-quarter, which ended Sep. 29, 2001. The company reports a profit of $65 million and revenue of $1.45 billion, a drop from last year's revenue of $1.87 billion. The company earned 18 cents per share as compared to last year's figure of 30 cents per share. The company is being cautious about its holiday earnings projections but says it is optimistic about a new product (said to be a digital music player) it is introducing the week of Oct. 22, 2001.

Company sales/revenue, Apple Inc.

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