Sun Should Pursue Open Source Full Blast
Last year when Sun Microsystems (NASDAQ:JAVA) took over MySQL, I asked if it would get into open source applications.
Sun’s Q2 revenues of $3.22 billion were in line with the market’s expectations even though they were down 10.9% over the year. However, EPS of $0.15 per share was significantly lower than last year’s $0.50.
By segment, Products contributed $1.94 billion for the quarter, recording a reduction of 13.8% over the year. Of this, Computer Systems’ revenue fell 14.1% over the year to $1.37 billion while Storage revenue fell 13% to $0.57 billion. Total Services revenue dropped 6.2% over the year to $1.28 billion driven by a 9.1% fall in Support Services revenue. Only the Professional and Educational Services segment registered growth of 3.1% over the year to $0.34 billion.
Sun Should Pursue Open Source Full Blast — Seeking Alpha
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