Sun posts $760 million loss, shuffles hardware units Two new divisions created
By Robert McMillan, IDG News Service
April 15, 2004
Sun Microsystems on Thursday reported a net loss of $760 million, or $0.23 per share, in the third quarter of its fiscal 2004
year, which ended March 28. The company also announced a reorganization of its hardware divisions, as well as the departure
of two senior executives: Chief Marketing and Strategy Officer Mark Tolliver and Executive Vice President of Volume Systems
Products Neil Knox.
Sun's revenue for the quarter was $2.65 billion, down 5 percent from the $2.79 billion it reported in the third quarter of
2003.
Revenue for the company's services division was up from the year-earlier quarter, however. The company reported services revenue
of $940 million for the third quarter of 2004, up from $893 million in the same quarter of 2003.
The company also announced its first major reorganization since Jonathan Schwartz was appointed chief operating officer and
president on April 2.
Effective immediately, the company's microprocessor and UltraSparc-based systems groups will be combined into a new Throughput
Systems organization, which will be led by David Yen, who formerly headed up the company's processor division.
A new Network Systems division, headed on an interim basis by the former chief technology officer of Sun's software group,
John Fowler, will be responsible for the company's systems based on x86 processors from Intel Corp. and Advanced Micro Devices
Inc.
Sun is conducting "internal and external searches" for a permanent head of this division, a company spokeswoman said.
The heads of both divisions will report to Schwartz.
Tolliver and Knox left the company to "pursue other interests," Sun said in a statement.
Solutions to the Toughest IT Challenges in Remote Offices
Though small in size, remote offices face many of the same IT challenges as larger central offices. This Webcast zeroes in on the top line challenges to deliver information that can provide immediate benefits to your business. Sponsor: AMD and Dell
Planning For A Disaster
This new, comprehensive Solutions Guide is your one stop source for Disaster Recovery. In it you'll learn how to reduce the likelihood of a disaster and to create a rock solid business continuity plan should you face a disaster situation. Sponsored by Equallogic
Thinking about IMS - IMS's increased flexibility and the potential it offers for new services will create a fundamental shift in the way that...
Virtual Servers Meet Virtual Storage - Consolidation of data center assets has become a trend in many IT environments, providing benefits such as improved hardware...
All Rights reserved. InfoWorld is a leading publisher of technology information and product reviews on topics including viruses, phishing, worms, firewalls, security, servers, storage, networking, wireless, databases, and web services.
NEWS
