By Tony Hallett, 20 July 2001 07:45
NEWS Sun Microsystems has reported a $1bn drop in fourth quarter sales, although for its fiscal year ending 30 June it recorded revenues of $18.25bn, up 16 per cent year-on-year. However, the leading seller of Unix servers chose to concentrate on the future and taking market share from competitors over the past 12 months as its profits of $927m declined by almost exactly half compared to last year. Sun has been affected by the collapse of many dot-com businesses and the appearance on the market of cheap second hand kit - many of it its own. Sun CEO Scott McNealy claimed the company is better positioned for the future than ever before citing a number of products and services initiatives, including the recent introduction of its Open Net Environment - or Sun ONE - architecture. CFO Michael Lehman said the company will now focus on lowering operating costs, investing in R&D, and generating more cash for long-term growth.
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