"Sun Profit Falls 73 Percent, but Beats Expectations
By THE ASSOCIATED PRESS
SAN FRANCISCO (AP) -- Sun Microsystems Inc.'s profit plunged 73 percent in the fiscal fourth quarter as slumping sales to big U.S. companies and restructuring charges weighed on the server and software maker.
The results reported Friday still beat Wall Street's muted forecast, though some investors remain wary of Sun's prospects considering its heavy reliance on the turbulent U.S. market, which makes up about 40 percent of its sales.
Those fears have been reflected in Sun's steadily declining stock, which has fallen 50 percent since the company's 1-for-4 reverse stock split in November. The maneuver was supposed to improve Sun's image, but instead seemed like a sign of trouble."
[source: here]
