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Tuesday, September 22, 2009

Sun Microsystems losing US$100m a month

Sun Microsystem Inc is losing about US$100 million a month as European regulators delay approving his company's US$7 billion purchase of the struggling hardware maker.

Sun's revenue has tumbled since April when Oracle agreed to buy the world's No. 4 computer server maker in April as rivals IBM and Hewlett-Packard Co have poached customers amid uncertainty about its future.

Oracle has pledged to boost investment on development of Sun's products,but the hardware company has cut spending prior to the deal's closing as sales have plunged. Last month it reported a quarterly loss of US$147 million.

- Reuters

Will this means the end of Sun?? Let's wait and see..

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