System News for Sun Users - The Blog

Ellison Reaffirms His Belief in Sun’s Rapid Profitability

After accepting keys to the city of San Francisco in tribute to him and his racing team BMW Oracle for winning the 33rd America’s cup match this February, Oracle CEO Larry Ellison said he expects Sun’s formerly unprofitable operations to become profitable “right away” as part of Oracle. Following the Feb. 20th celebration, Ellison basically reiterated what he said during the Jan. 27 Oracle + Sun Strategy teleconference: “And how soon will [Sun’s profitability] occur? How long do investors have to wait? Not at all; not at all. We’ll be profitable this - in February. We’ll be profitable in March. We’ll be profitable in April - and when I say ‘we’: the Sun business. We’ll be profitable in May.”

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Net Loss, Lower Revenue Expected, Company Reports

Sun projects it will have a net loss of 24 to 34 cents per share for its fourth quarter of fiscal 2009, which ended June 30, 2009. This translates to between 6 and 16 cents a share excluding special nonrecurring items. The company reported these preliminary results two days before a special stockholder meeting (July 16) where members were set to vote on whether to approve Sun’s acquisition by Oracle.

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