What profit or loss did sun microsystems make last year?
Profit at Sun Microsystems Stirs Hope of Turnaround * E-MAIL * Print * Reprints * ShareClose o Linkedin o Digg o Facebook o Mixx o MySpace o Yahoo! Buzz o Permalink o By LAURIE J. FLYNN Published: January 24, 2007 After years of losses, Sun Microsystems returned to profitability last quarter, while Advanced Micro Devices swung to a loss, providing evidence that the road to recovery in the technology industry is a bumpy one. ”It’s great to be profitable again,” Jonathan I. Schwartz, chief executive of Sun, whose string of losses had once led analysts to question the company’s ability to survive, told analysts in a conference call. ”Sun’s financial performance this quarter demonstrates that our strategy and discipline are paying off.” In contrast, Advanced Micro Devices, the computer chip maker, reported a $574 million loss, in contrast to a $96 million profit in the quarter a year earlier. Ten days ago, it warned investors that lower prices had hurt its bottom line, a result of a br
