Sun Microsystems' third-quarter loss stuns Wall Street (Update)

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In this April 23 2007 file photo Sun Microsystems racks are seen at Suns offices in Menlo Park Calif. Sun Microsystems Inc. is scheduled to report its fiscal third-quarter financial results after the markets close Thursday May 1 2008. (AP PhotoPaul ...
In this April 23, 2007 file photo, Sun Microsystems racks are seen at Sun's offices in Menlo Park, Calif. Sun Microsystems Inc. is scheduled to report its fiscal third-quarter financial results after the markets close Thursday, May 1, 2008. (AP Photo/Paul Sakuma)

(AP) -- Wall Street expected Sun Microsystems Inc.'s global sales base to help it weather the U.S. economic slowdown and turn a profit in the first three months of the year.


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All News summaries for May 01, 2008

AOL shutting 3 services to cut costs, focus on ads

26 minutes ago | User rating: not rated yet
(AP) -- AOL is shutting three data-storage services, including one of the Internet's earliest photo-sharing sites, as it seeks to cut costs and focus resources on its advertising opportunities.

Bikers, pedestrians seeking better Web maps

1 hour ago | User rating: not rated yet
(AP) -- With the old gas-guzzler in the garage, you've got your bicycle ready and your sneakers laced up. Now all you need is a map of the quickest, safest routes for riding around town. Well, not so fast.

Netflix 2Q profit up 4 pct, beats analyst views

2 hours ago | User rating: not rated yet
(AP) -- Netflix Inc.'s second-quarter profit crept up 4 percent, beating analyst expectations as the online DVD rental leader signed up 168,000 new customers while spending less money to attract them to the service.

Europe’s next-generation broadband

2 hours ago | User rating: not rated yet
An enormous research effort by Europe’s leading broadband players has helped accelerate dramatically the rollout of next-generation broadband services reaching speeds in the 10s of Mbit/s in many European countries. That ...

Samsung says Q2 profit up 108 percent

9 hours ago | User rating: not rated yet
South Korea's Samsung Electronics Co. said Friday that second-quarter profit jumped 108 percent year-on-year, what it called a "relatively solid" performance despite missing market forecasts.
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