Posts Tagged ‘financial results’

Oracle to buy Sun for $7.4 Billion

Over the past 13 years, Sun Microsystems’ Java language has become one of the computer industry’s best known brands—and underappreciated assets.
The tension wasn’t lost on Sun’s new owner, Oracle, which on Apr. 20 said it will purchase Silicon Valley pioneer Sun for $7.4 billion in cash. If Oracle has its way, which they most likely will, [...]

HP Posts Negative Q1 Earnings, Sour Outlook

Hewlett-Packard reported a dismal quarterly profit that dropped 13 percent while sales increased by  just 1 percent as even the Palo Alto tech company’s profitable printer ink business was shaken by a devastating time in the economy.
HP shares fell $2.03, or 6 percent, to $32.05 in extended hours trading, after closing down 26 cents during the regular trading [...]

Sun Microsystems reports Q2 earnings

Sun Microsystems, Inc. reported losses of $209 million for its second quarter of fiscal 2009, which ended December 28, 2009.
Revenues for the second quarter of fiscal 2009 were $3.220 billion, a decrease of 10.9 percent as compared with $3.615 billion for the second quarter of fiscal 2008, and an increase of 7.7 percent as compared [...]