Sun predicts big loss, revises Q4

FRAMINGHAM (10/03/2003) - Sun Microsystems Inc. said it will report a first-quarter loss that's larger than Wall Street analysts had forecast as a result of "intense" competition. The loss will trigger a US$1.05 billion tax charge, which Sun is applying to the results for the fourth quarter of its latest fiscal year, leaving it with a loss of $1.04 billion for that period. Sun said the loss in its first quarter, which ended Sept. 28, could reach $325 million.

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