Entry 22640 (Berkeley CSUA MOTD)

Berkeley CSUA MOTD:Entry 22640

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2024/11/24 [General] UID:1000 Activity:popular

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2001/10/5 [Uncategorized] UID:22640 Activity:nil

10/5    "Sacconaghi's earnings estimates assume that Sun will cut its
        43,600-member workforce by 10 percent to 15 percent in the next month
        or two."
        http://www.siliconvalley.com/docs/news/svtop/sun100501.htm
        \_ Sun announced 9% this morning.
         http://www.sun.com/smi/Press/sunflash/2001-10/sunflash.20011005.1.html

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www.siliconvalley.com/docs/news/svtop/sun100501.htmColumnists 8 Good Morning Silicon Valley John Paczkowski looks askance at the tech and business news of the day. Dan Gillmor's eJournal Commentary on technology, business and public policy. Additional information can be found on our 19 Site Index and our 20 FAQ Page.

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www.sun.com/smi/Press/sunflash/2001-10/sunflash.20011005.1.htmlCompany Info > 10 Press Center > 11 Press Releases > 12 Press Releases SUN MICROSYSTEMS REPORTS PRELIMINARY FIRST QUARTER RESULTS PALO ALTO, CA -- October 5, 2001 -- Sun Microsystems, Inc. Sun is announcing a program to reduce its workforce by approximately 9% as well as consolidate excess facilities. As a result of these capacity reductions, the Company expects to record a charge of approximately $500 million in the fiscal second quarter. Sun's Chairman and CEO, Scott McNealy said, "Sun's position as a leading provider of internet and network infrastructure is stronger than ever, but the current economic environment is obviously very difficult. The computer industry is continuing to consolidate and downsize itself. In addition, the events of September 11 have impacted us all. Things were tough with the economy before, but now we are facing increasing uncertainties both in the US and globally. Our employees came through in force and without that, we would clearly be talking about reducing capacity to an even greater extent. We will continue to develop the great technologies and products that have been the hallmark of Sun. We're going to stay focused on the business and the strength of our products - highlighted by last week's introduction of the Sun Fire 15K, our new high-end server; A replay of the conference call will also be available via the "PostView" service. The phone number for postview is 1 (800) 475-6701 or (320) 365-3844, and the conference reservation number is 606301. Since its inception in 1982, a singular vision -- "The Network Is The Computer" -- has propelled Sun Microsystems, Inc. Sun, the Sun logo, Sun Microsystems, Sun Fire 15K, UltraSPARC III, and Sun Open Net Environment (Sun ONE) are trademarks or registered trademarks of Sun Microsystems, Inc. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. Products bearing SPARC trademarks are based upon an architecture developedby Sun Microsystems, Inc. UNIX is a registered trademark in the United States and other countries exclusively licensed through X/Open Company, Ltd. Such statements are just predictions and involve risks and uncertainties such that actual results and performance may differ materially. These and other risks are detailed from time to time in Sun's periodic reports that are filed with the Securities and Exchange Commission, including Sun's annual report on Form 10-K for the fiscal year ended June 30, 2001.