Sun Microsystems Investor Relations - Earnings Releases

Sun Microsystems Reports Final Results for the First Quarter Fiscal Year 2010

Fri, 06 Nov 2009 02:00:00 PST

Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its first quarter of fiscal 2010, which ended September 27, 2009.

Sun Microsystems Reports Preliminary Results for the Fourth Quarter Fiscal Year 2009

Tue, 14 Jul 2009 05:00:00 PST

SANTA CLARA, Calif. - July 14, 2009 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported preliminary results today for its fourth quarter of fiscal 2009, which ended June 30, 2009. Sun expects revenues for the fourth quarter of fiscal 2009 in the range of $2.580 to $2.680 billion, as compared with $3.780 billion for the fourth quarter of fiscal 2008. Sun anticipates GAAP net loss per share for the fourth quarter of fiscal 2009 in the range of $(0.24) to $(0.34). On a non-GAAP basis, Sun expects net loss per share in the range of $(0.06) to $(0.16). Non-GAAP net loss per share excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, settlement income, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments. Sun will not host a conference call in conjunction with fourth quarter results. Results are expected to be posted on http://sun.com/investors upon the filing of our Annual Report on Form 10-K for fiscal 2009 with the Securities and Exchange Commission, which is due no later than August 31, 2009. The special meeting of stockholders for the purpose of voting on the proposed acquisition of Sun by Oracle will take place at 10:00 a.m. Pacific Time on July 16, 2009. For more information regarding the proposed acquisition, please visit http://www.sun.com/aboutsun/investor/proxy.jsp. About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com. This press release contains forward-looking statements regarding Sun Microsystems, Inc., including statements regarding Sun's estimated revenues and GAAP and non-GAAP net loss per share. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Sun's preliminary results announced in this press release are based on preliminary information about the fourth quarter of fiscal 2009 and are subject to revision. Although the quarter is now completed, Sun is still in the early stages of its standard financial reporting closing procedures. Accordingly, as Sun completes its normal quarter-end closing and review processes, actual results could differ materially from these preliminary estimates. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: inaccurate data or assumptions; unforeseen expenses; changes in estimates or judgments related to tax liabilities; potential goodwill impairments; potential litigation, bad debts or other contingencies; and facts or circumstances affecting the application of Sun's critical accounting policies, including revenue recognition. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008 and its quarterly reports on Form 10-Q for the fiscal quarters ended September 28, 2008, December 28, 2008 and March 29, 2009. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements. To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net loss per share data. The presentation of this non-GAAP financial measure should be considered in addition to Sun's GAAP results and is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that this non-GAAP financial measure provides meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to this non-GAAP financial measure in assessing Sun's performance. This non-GAAP financial measure also facilitates comparisons to Sun's historical performance and its competitors' operating results. Sun includes this non-GAAP financial measure because management believes it is useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Estimated non-GAAP net loss per share for the fourth quarter of fiscal 2009 of $(0.06) to $(0.16) is equal to estimated GAAP net loss per share for that quarter of $(0.24) to $(0.34) as adjusted to exclude an estimated aggregate of $0.18 per share of amortization of acquisition related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, settlement income, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments. # # # Sun, Sun Microsystems, the Sun logo, Java, Solaris and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. Investor Contact: Ron Pasek 650-786-8008 ron.pasek@sun.com Press Contact: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com Industry Analyst Contact: Kathy Engle 415-294-4368 kathy.engle@sun.com

Sun Microsystems Reports Results for the Third Quarter Fiscal 2009

Tue, 28 Apr 2009 01:00:00 PST

SANTA CLARA, Calif. - April 28, 2009 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its third quarter of fiscal 2009, which ended March 29, 2009. Revenues for the third quarter of fiscal 2009 were $2.614 billion, as compared with $3.266 billion for the third quarter of fiscal 2008, and compared with $3.220 billion for the second quarter of fiscal 2009. Total gross margin as a percent of revenues was 42.7, a decrease of 2.2 percentage points as compared with the third quarter of fiscal 2008 and an increase of 0.8 percentage points as compared with the second quarter of fiscal 2009. Net loss for the third quarter of fiscal 2009 on a GAAP basis was $201 million, or $(0.27) per share on a diluted basis, as compared with a net loss of $34 million, or $(0.04) per share, for the third quarter of fiscal 2008, and compared with a net loss of $209 million, or $(0.28) per share, for the second quarter of fiscal 2009. GAAP net loss per share includes a restructuring charge of $46 million primarily related to the restructuring announcement of November 2008. On a non-GAAP basis, net loss for the third quarter of fiscal 2009 was $52 million, or $(0.07) per share on a diluted basis, as compared with a non-GAAP net income of $132 million, or $0.17 per share, for the third quarter of fiscal 2008, and compared with a non-GAAP net income of $114 million, or $0.15 per share, for the second quarter of fiscal 2009. Non-GAAP net income per share excludes purchased in-process research and development, amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments. Sun ended the quarter with a cash and marketable debt securities balance of $2.990 billion and generated cash flow from operations for the third quarter of fiscal 2009 of $178 million – the third consecutive quarter of positive cash flow from operations in fiscal 2009, and following upon 19 consecutive years of positive cash flow from operations. Third Quarter Highlights Grew billings nearly 4 percent year-over-year in combined key growth categories of Total Software, Open Storage, SolarisTM-based SPARC® CMT Servers, and X64 Servers. - Combined key growth categories accounted for 40 percent of total billings in the third quarter of fiscal 2009 versus 30 percent in the third quarter of fiscal 2008. - Total Software billings grew 28 percent year-over-year. - Open Storage billings grew 63 percent year-over-year. - Solaris-based SPARC CMT Servers billings grew 3 percent year-over-year. Reduced R&D and SG&A expenses nearly 15 percent year-over-year. Sun will not be hosting a conference call in conjunction with these results. For more information or to access the financial results, please visit www.sun.com/investors. To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net income and non-GAAP net income per share data on a diluted basis. The presentation of these non-GAAP financial measures should be considered in addition to Sun's GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Sun's performance. These non-GAAP financial measures also facilitate comparisons to Sun's historical performance and its competitors' operating results. Sun includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Calculation of Non-GAAP Net Income (Loss)" following the text of this press release. About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the ComputerTM" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com. Sun, Sun Microsystems, the Sun logo, Java, Solaris, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Producers bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc. Investor Contact: Ron Pasek 650-786-8008 ron.pasek@sun.com Press Contact: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com Industry Analyst Contact: Kathy Engle 415-294-4368 kathy.engle@sun.com

Posting of Sun Microsystems' Q3FY09 Earnings Results April 28, 2009

Thu, 23 Apr 2009 03:30:00 PST

23 Apr 2009 - Sun Microsystems, Inc. (Nasdaq: JAVA) will not be conducting an earnings call on Tuesday, April 28, as previously planned. However, we will issue a press release announcing Q3 results at 1PM PT on Tuesday, April 28 and will also post the press release, financial statements, operations analysis data sheets, and the earnings slide deck on http://www.sun.com/investors, per our normal process.

Sun Microsystems to Report Third Quarter Fiscal 2009 Financial Results on April 28, 2009

Thu, 26 Feb 2009 05:05:00 PST

26 Feb 2009 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its third quarter fiscal year 2009 financial results on Tuesday, April 28, 2009. The company will host a conference call to review the results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at http://www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at http://www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit http://www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit http://www.sun.com/aboutsun/media. o subscribe to twitter feeds for timely notifications of the Company's material news, sign up for a twitter account at www.twitter.com, navigate to http://www.twitter.com/SunIRNews and click "Follow".

Sun Microsystems Reports Results for the Second Quarter Fiscal Year 2009

Tue, 27 Jan 2009 01:00:00 PST

SANTA CLARA, Calif. - January 27, 2009 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its second quarter of fiscal 2009, which ended December 28, 2008. Revenues for the second quarter of fiscal 2009 were $3.220 billion, a decrease of 10.9 percent as compared with $3.615 billion for the second quarter of fiscal 2008, and an increase of 7.7 percent as compared with $2.990 billion for the first quarter of fiscal 2009. Total gross margin as a percent of revenues was 41.9, a decrease of 6.6 percentage points as compared with the second quarter of fiscal 2008 and an increase of 1.7 percentage points as compared with the first quarter of fiscal 2009. Net loss for the second quarter of fiscal 2009 on a GAAP basis was $209 million, or $(0.28) per share on a diluted basis, as compared with a net income of $260 million, or $0.31 per share, for the second quarter of fiscal 2008, and compared with a net loss of $1.677 billion, or $(2.24) per share, for the first quarter of fiscal 2009. GAAP net loss per share includes a restructuring charge of $222 million primarily related to the restructuring announcement of November 2008. On a non-GAAP basis, net income for the second quarter of fiscal 2009 was $114 million, or $0.15 per share on a diluted basis, as compared with a non-GAAP net income of $409 million, or $0.50 per share, for the second quarter of fiscal 2008, and compared with a non-GAAP net loss of $65 million, or $(0.09) per share, for the first quarter of fiscal 2009. Non-GAAP net income per share excludes purchased in-process research and development, amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, impairment of goodwill, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments. Sun ended the quarter with a cash and marketable debt securities balance of $3.008 billion and generated cash flow from operations for the second quarter of fiscal 2009 of $36 million. "It's great to see customers so aggressively embracing open source software, from Solaris to MySQL, alongside Sun's new open source storage platforms as a means of radical cost reduction," said Jonathan Schwartz, CEO of Sun Microsystems. Second Quarter Highlights * Grew billings at double-digit rates year over year in key growth categories, which accounted for more than one-third of total products billings in the second quarter of fiscal 2009 versus 23 percent in the second quarter of fiscal 2008: o The category of Solaris-based Chip Multi-Threading systems grew 31 percent year over year, and is now at an approximately $1.4 billion annual run rate, based on first and second quarter fiscal 2009 results. o The category of Total Software grew 21 percent year over year, and is now at an approximately $600 million annual run rate, based on first and second quarter fiscal 2009 results. o The category of X64 servers grew 11 percent year over year, and is now at an approximately $700 million annual run rate, based on first and second quarter fiscal 2009 results. o The category of Open Storage grew 21 percent year over year, and is now at an approximately $100 million annual run rate, based on first and second quarter fiscal 2009 results. * Increased products gross margin 4 percentage points sequentially, primarily due to lower component costs, disciplined pricing and discounting, and a slightly positive mix impact. * Launched the flash-based, Sun Storage 7000 family (Amber Road) in November 2008, built upon the popular ZFS file system. Download ZFS here: www.solaris.com/get. * Announced a restructuring initiative in November 2008 that is expected to reduce total costs by $700-800 million annually; most of this benefit is expected to be realized in fiscal 2010. Sun will host a conference call today to review the complete financial results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Safe Harbor This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding customer acceptance of Sun's open source software and expected cost reductions from Sun's restructuring initiative and the timing thereof. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: Sun's ability to implement the workforce reductions in various geographies; possible changes in the size and components of the expected costs and charges associated with the restructuring initiative; competition; pricing pressures; the complexity of Sun's products and the importance of rapidly and successfully developing and introducing new products; Sun's dependence on significant customers, specific industries and geographies; delays in product development or customer acceptance and implementation of new products and technologies; Sun's ability to implement a new enterprise resource planning system; a material acquisition, restructuring or other event that results in significant charges; failure to successfully integrate acquired companies; reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with the quality of Sun's products; risks associated with international customers and operations; Sun's dependence on channel partners; failure to retain key employees; and risks associated with Sun's ability to achieve expected cost reductions within expected time frames. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008 and its Quarterly Report on Form 10-Q for the fiscal quarter ended September 28, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements. To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net income and non-GAAP net income per share data on a diluted basis. The presentation of these non-GAAP financial measures should be considered in addition to Sun's GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Sun's performance. These non-GAAP financial measures also facilitate comparisons to Sun's historical performance and its competitors' operating results. Sun includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Calculation of Non-GAAP Net Income (Loss)" following the text of this press release. About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com Sun, Sun Microsystems, the Sun logo, Java, Solaris, MySQL, ZFS, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. Investor Contact: Ron Pasek 650-786-8008 ron.pasek@sun.com Press Contact: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com Industry Analyst Contact: Kathy Engle 415-294-4368 kathy.engle@sun.com

Sun Microsystems to Report Second Quarter Fiscal 2009 Financial Results on January 27, 2009

Mon, 15 Dec 2008 06:00:00 PST

15 Dec 2008 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its second quarter fiscal year 2009 financial results on Tuesday, January 27, 2009. The company will host a conference call to review the results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at http://www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at http://www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit http://www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit http://www.sun.com/aboutsun/media.

Sun Microsystems Reports Final Results for the First Quarter Fiscal Year 2009

Thu, 30 Oct 2008 01:00:00 PST

SANTA CLARA, Calif. - October 30, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its first quarter of fiscal 2009, which ended September 28, 2008. Revenues for the first quarter of fiscal 2009 were $2.990 billion, a decrease of 7.1 percent as compared with $3.219 billion for the first quarter of fiscal 2008. Total gross margin as a percent of revenues was 40.2, a decrease of 8.3 percentage points, as compared with the first quarter of fiscal 2008. Net loss for the first quarter of fiscal 2009 on a GAAP basis was $1.677 billion, or $(2.24) per share on a diluted basis, as compared with a net income of $89 million, or $0.10 per share, for the first quarter of fiscal 2008. GAAP net loss per share includes a $1.445 billion non-cash charge for goodwill impairment. It also includes a restructuring charge of approximately $63 million pursuant to the restructuring that commenced in the fourth quarter of fiscal 2008. On a non-GAAP basis, net loss for the first quarter of fiscal 2009 was $65 million, or $(0.09) per share on a diluted basis, as compared with a non-GAAP net income of $285 million, or $0.32 per share, for the first quarter of fiscal 2008. Non-GAAP net loss per share excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, the goodwill impairment charge, net gain on equity investments and the tax effect of these non-GAAP adjustments. Sun ended the quarter with a cash and marketable debt securities balance of $3.121 billion and generated cash flow from operations for the first quarter of fiscal 2009 of $148 million. "Although we saw another quarter of growth in our Solaris-based Chip Multi-Threading and Open Storage systems, the economic downturn continued to weigh on our customers, especially those that contribute to our traditional high-end businesses," said Jonathan Schwartz, CEO of Sun Microsystems. "With a continued focus on operational alignment, a strong cash position, and the market increasingly looking to open source innovation as a vehicle to escape proprietary vendor pricing, we believe Sun is well positioned to weather the downturn and ultimately become the biggest beneficiary in the open source revolution in both systems and software." First Quarter Highlights Sun reported 83 percent year-over-year billings growth in its Solaris-based Chip Multi-Threading systems as customers continued to demand the nearly 10,000 applications available for Solaris 10, while enjoying integrated virtualization and exceptional power efficiency. Sun's Solaris-based Open Storage product line continued to see aggressive growth during the quarter as the adoption of ZFS - the most advanced file system available in the open source community – and open systems continue to be ever more critical for addressing customer pain points in today's challenging economic environment. Sun reported 12 percent year-over-year revenue growth in the Emerging Markets region, with India, Latin America and a combined Russia, Middle East and Africa geography growing double digits year-over-year. Sun announced a new version of Sun xVM VirtualBox as well as xVM VirtualBox Software Enterprise Subscription, offering 24/7 premium support for enterprise users. Sun xVM VirtualBox also surpassed 6.5 million downloads worldwide and 15,000 downloads per day. Sun partnered with Fujitsu on a new enhanced line of SPARC Enterprise servers that deliver a virtualization and consolidation platform with up to 80 percent better performance on commercial applications and 2x better performance on HPC workloads and using 44 percent less energy per core. Sun will host a conference call today to review the complete financial results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Goodwill Impairment Analysis Based on a combination of factors, including the current economic environment, Sun's operating results, and a sustained decline in Sun's market capitalization, the Company concluded that there were sufficient indicators to require Sun to perform an interim goodwill impairment analysis as of September 28, 2008. Sun has not yet completed this analysis. The Company has concluded, however, that an impairment loss can be reasonably estimated. Accordingly, the Company has recorded a $1.445 billion non-cash goodwill impairment charge during the first quarter of fiscal 2009. The Company expects to finalize its goodwill impairment analysis during the second quarter of fiscal 2009, and may make an adjustment to that charge or record an additional non-cash goodwill impairment charge when the goodwill impairment test is completed. Safe Harbor This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding the estimated goodwill impairment loss, Sun's expectations regarding the completion of the goodwill impairment analysis, the market's increasing look to open source innovation, Sun's ability to weather the economic downturn and Sun becoming the biggest beneficiary in the open source revolution in both systems and software. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: changes in estimates or judgments related to the goodwill impairment analysis; competition; pricing pressures; the complexity of Sun's products and the importance of rapidly and successfully developing and introducing new products; Sun's dependence on significant customers, specific industries and geographies; delays in product development or customer acceptance and implementation of new products and technologies; Sun's ability to implement a new enterprise resource planning system; a material acquisition, restructuring or other event that results in significant charges; failure to successfully integrate acquired companies; reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with the quality of Sun's products; risks associated with international customers and operations; Sun's dependence on channel partners; failure to retain key employees; and risks associated with Sun's ability to achieve expected cost reductions within expected time frames. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements. To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net loss and non-GAAP net loss per share data on a diluted basis. The presentation of these non-GAAP financial measures should be considered in addition to Sun's GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Sun's performance. These non-GAAP financial measures also facilitate comparisons to Sun's historical performance and its competitors' operating results. Sun includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Calculation of Non-GAAP Net Income (Loss)" following the text of this press release. About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com. # # # Sun, Sun Microsystems, the Sun logo, Java, Solaris, OpenSolaris, MySQL, xVM, VirtualBox and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc. Investor Contact: Ron Pasek 650-786-8008 ron.pasek@sun.com Press Contact: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com Industry Analyst Contact: Kathy Engle 415-294-4368 kathy.engle@sun.com

Sun Microsystems Reports Preliminary Results for the First Quarter Fiscal Year 2009

Mon, 20 Oct 2008 01:00:00 PST

Sun Microsystems Reports Preliminary Results for the First Quarter Fiscal Year 2009 SANTA CLARA, Calif. - October 20, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported preliminary results today for its first quarter of fiscal 2009, which ended September 28, 2008. Sun expects to report revenues for the first quarter of fiscal 2009 in the range of $2.950 to $3.050 billion, as compared with $3.219 billion for the first quarter of fiscal 2008. Total gross margin as a percent of revenues for the first quarter of fiscal 2009 is expected to be in the range of 39 to 41 percent. Sun anticipates reporting GAAP net loss per share, before the impact of the potential goodwill impairment charge discussed below, for the first quarter of fiscal 2009 in the range of $(0.25) to $(0.35). GAAP net loss per share includes a restructuring charge of approximately $60 million pursuant to the restructuring announced on August 1, 2008. On a non-GAAP basis, Sun expects to report net loss per share in the range of $(0.02) to $(0.12). Non-GAAP net loss per share excludes amortization of acquisition-related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets (including the potential goodwill impairment charge discussed below), net gain or loss on equity investments and the tax effect of these non-GAAP adjustments. Based on a combination of factors, including the current economic environment, Sun's operating results, and a sustained decline in Sun's market valuation, the Company has concluded that it is likely that the fair value of one or more of its reporting units has been reduced below its carrying value. As a result, Sun is currently conducting an interim goodwill impairment analysis to determine the required amount of the non-cash impairment charge, if any. As of September 28, 2008, prior to the impact of this potential non-cash impairment charge, Sun's total goodwill balance was $3.2 billion of which $1.8 billion relates to reporting units that may be impaired. "Sun and its customers are seeing the impact of a slowing economy. We believe we are positioned to offer the kinds of products that can radically help customers reduce expenditures for their infrastructure from Open Storage to Solaris-based Chip Multi-Threading (CMT) systems to offering the most eco-efficient systems in the market," said Jonathan Schwartz, CEO of Sun Microsystems. Sun will report its complete first quarter of fiscal year 2009 financial results on Thursday October 30, 2008 and will host a conference call to review the complete financial results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com. This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding Sun's estimated revenues, total gross margin, GAAP and non-GAAP net loss per share, restructuring charge, impairment charge and statements regarding the impact of the economy on Sun and its customers and Sun's ability to offer products that can help customers reduce infrastructure expenditures. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Sun's preliminary results announced in this press release are based on preliminary information about the first quarter of fiscal 2009 and are subject to revision. Although the quarter is now completed, Sun is still in the early stages of its standard financial reporting closing procedures. Accordingly, as Sun completes its normal quarter-end closing and review processes, actual results could differ materially from these preliminary estimates. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: inaccurate data or assumptions; unforeseen expenses; changes in estimates or judgments related to tax liabilities; potential goodwill impairments; potential litigation, bad debts or other contingencies; facts or circumstances affecting the application of Sun's critical accounting policies, including revenue recognition; competition; pricing pressures; the complexity of Sun's products and the importance of rapidly and successfully developing and introducing new products; Sun's dependence on significant customers, specific industries and geographies; delays in product development or customer acceptance and implementation of new products and technologies; Sun's ability to implement a new enterprise resource planning system; a material acquisition, restructuring or other event that results in significant charges; failure to successfully integrate acquired companies; reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with the quality of Sun's products; risks associated with international customers and operations; Sun's dependence on channel partners; failure to retain key employees; and risks associated with Sun's ability to achieve expected cost reductions within expected time frames. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements. To supplement Sun's preliminary financial results presented in accordance with GAAP, Sun provides non-GAAP net loss per share data. The presentation of this non-GAAP financial measure should be considered in addition to Sun's GAAP results and is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that this non-GAAP financial measure provides meaningful supplemental information regarding its performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to this non-GAAP financial measure in assessing Sun's performance. This non-GAAP financial measure also facilitates comparisons to Sun's historical performance and its competitors' operating results. Sun includes this non-GAAP financial measure because management believes it is useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP net loss per share ($(0.02) to $(0.12)) is equal to GAAP net loss per share ($(0.25) to $(0.35)) as adjusted to exclude amortization of acquisition related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, net gain or loss on equity investments and the tax effect of these non-GAAP adjustments (an aggregate adjustment of $0.23 per share). # # # Sun, Sun Microsystems, the Sun logo, Java, Solaris and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. Investor Contact: Ron Pasek 650-786-8008 ron.pasek@sun.com Press Contact: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com Industry Analyst Contact: Kathy Engle 415-294-4368 kathy.engle@sun.com

Sun Microsystems to Report First Quarter Fiscal 2009 Financial Results on October 30, 2008

Fri, 26 Sep 2008 01:00:00 PST

SANTA CLARA, Calif., September 26, 2008 -- Sun Microsystems, Inc. (Nasdaq: JAVA) will report its first quarter fiscal year 2009 financial results on Thursday, October 30, 2008. The company will host a conference call to review the results beginning at 1:30 p.m. PT / 4:30 p.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.

Sun Microsystems Reports Final Results for Full Fiscal Year and Fourth Quarter 2008

Fri, 01 Aug 2008 04:30:00 PST

Announces Additional $1 Billion Share Repurchase Authorization SANTA CLARA, Calif. - August 1, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its full fiscal year and fourth quarter, which ended June 30, 2008. For the full fiscal year, Sun reported revenues of $13.880 billion, an increase of 0.1 percent over fiscal year 2007. Revenues for the fourth quarter of fiscal 2008 were $3.780 billion, a decrease of 1.4 percent from $3.835 in the fourth quarter of fiscal 2007. Total gross margin as a percent of revenues for the full fiscal year was 46.5 percent, an increase of 1.3 percentage points over fiscal year 2007. Gross margin for the fourth quarter of fiscal 2008 was 44.3 percent, a decrease of 2.9 percentage points from the fourth quarter of fiscal 2007. Net income on a GAAP basis for the full fiscal year was $403 million, or $0.49 per share on a diluted basis, as compared with net income of $473 million, or $0.52 per share on a diluted basis, for fiscal year 2007. Net income for the fourth quarter of fiscal 2008 was $88 million, or $0.11 per share on a diluted basis, as compared with net income of $329 million, or $0.36 per share on a diluted basis, for the fourth quarter of fiscal 2007. Non-GAAP net income for the full fiscal year was $1.101 billion, or $1.34 per share on a diluted basis, as compared with non-GAAP net income of $1.003 billion, or $1.11 per share on a diluted basis, for fiscal year 2007. Non-GAAP net income for the fourth quarter of fiscal 2008 was $275 million, or $0.35 per share on a diluted basis, as compared with non-GAAP net income of $458 million, or $0.50 per share on a diluted basis, for the fourth quarter of fiscal 2007. Non-GAAP net income excludes purchased-in-process research and development, amortization of acquisition related intangibles, stock-based compensation, restructuring and related impairment of long-lived assets, net gain or loss on equity investments, settlement income and the tax effect of these non-GAAP adjustments. Cash generated from operations for the full fiscal year was $1.3 billion, and the cash and marketable debt securities balance at the end of the year was approximately $3.3 billion. "On a year-over-year basis, we saw significant improvements across a number of key operating metrics ranging from gross margins to non-GAAP earnings per share and cash flow from operations," said Jonathan Schwartz, CEO of Sun Microsystems. "Despite this progress and strong growth in international geographies, slowing performance in the U.S. impacted top line revenue growth. Looking forward, we remain confident in open source innovation as the accelerant to our growth strategy through increased adoption of our open source offerings – from the OpenSolaris operating system and the MySQL database to the Lustre and ZFS storage systems, the foundation of our open storage platforms." Full Fiscal Year & Fourth Quarter 2008 Highlights: On an annual basis, Sun improved gross margins by 1.3 percentage points, decreased total R&D and SG&A expenses by $70 million, improved non-GAAP net income per share on a diluted basis by 21 percent and increased cash flow from operations by $371 million. Sun reported double-digit annual revenue growth in key international markets including Brazil, India, Russia and Greater China. Global demand for MySQL continued to accelerate, with billings growth in the fourth quarter of over 44 percent year-over-year. Sun's energy-efficient, Solaris-based Chip Multi-Threading (CMT) systems delivered 61 percent year-over-year billings growth in Q4, and for fiscal year 2008 was a $1.1 billion dollar business for Sun. ZFS, the foundation of Sun's Open Storage product line, saw increased adoption across the globe during the quarter, and along with the Sun Fire x4500 server - the world's first hybrid server/storage data server - helped customers reduce costs through the use of open source software on industry standard systems. During the fourth quarter, Sun continued to leverage its cash position, spending $464 million to repurchase 35.7 million shares of its common stock. Currently, $36 million remains of the $3 billion share repurchase program announced in Sun's fourth quarter of fiscal 2007. Sun also announced today that its Board of Directors authorized an additional repurchase of up to $1 billion of the company's outstanding common shares. For more information about this share repurchase, please see the press release issued by Sun today which can be found at www.sun.com/investors. Sun has scheduled a conference call today to discuss its financial results for the full fiscal year and fourth quarter 2008 at 5:00 a.m. (PT) / 8:00 a.m. (ET), which is being broadcast live at www.sun.com/investors. About Sun Microsystems, Inc. Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com. This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding Sun's confidence in open source innovation as the accelerant to its growth strategy, the rate of adoption of Sun's open source offerings and the offerings constituting the foundation of Sun's open storage platforms. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: risks associated with developing, designing, manufacturing and distributing new products; lack of success in technological advancements; pricing pressures; lack of customer acceptance and implementation of new products and technologies; the possibility of errors or defects in new products; a material acquisition, restructuring or other event that results in significant charges; competition; adverse business conditions; failure to retain key employees; the cancellation or delay of projects; Sun's reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with Sun's international customers and operations; delays in product development; Sun's dependence on significant customers and specific industries; and Sun's dependence on channel partners. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended September 30, 2007, December 30, 2007 and March 30, 2008. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements. To supplement Sun's financial results presented in accordance with GAAP, Sun provides non-GAAP net income and non-GAAP net income per share on a diluted basis. The presentation of these non-GAAP financial measures should be considered in addition to Sun's GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Sun's management believes that these non-GAAP financial measures provide meaningful supplemental information regarding Sun's performance by excluding certain gains, losses and charges that may not be indicative of Sun's core business operating results. Sun believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing Sun's performance. These non-GAAP financial measures also facilitate comparisons to Sun's historical performance and its competitors' operating results. Sun includes these non-GAAP financial measures because management believes they are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. Non-GAAP measures are reconciled to comparable GAAP measures in the table entitled "Calculation of Non-GAAP Net Income" following the text of this press release. # # # Sun, Sun Microsystems, the Sun logo, OpenSolaris, MySQL, Lustre, ZFS, Solaris, Sun Fire and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. or its subsidiaries in the United States and other countries. Investor Contact: Ron Pasek 650-786-8008 ron.pasek@sun.com Press Contact: Kristi Rawlinson 650-786-6933 kristi.rawlinson@sun.com Industry Analyst Contact: Kathy Engle 415-294-4368 kathy.engle@sun.com

Sun Microsystems to Report Fourth Quarter Fiscal 2008 Financial Results on August 1, 2008

Wed, 02 Jul 2008 05:05:00 PST

SANTA CLARA, Calif., July 2, 2008 -- Sun Microsystems, Inc. (Nasdaq: JAVA) will report its fourth quarter fiscal year 2008 financial results on Friday, August 1, 2008. The company will host a conference call to review the results beginning at 5:00 a.m. PT / 8:00 a.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.

Sun Corrects JES Subscriber Number for Q3FY08

Tue, 17 Jun 2008 09:00:00 PST

The number of Java Enterprise System Subscribers reported for Sun's Q3FY08 was over 1.9 million, rather than over 1.8 million as previously reported in connection with Sun's Q3FY08 earnings call financial slides. An updated version of the Q3FY08 earnings call financial slides is available at http://www.sun.com/aboutsun/investor/earnings_releases/call_slides.jsp.

Sun Microsystems Reports Third Quarter Fiscal Year 2008 Results

Thu, 01 May 2008 01:00:00 PST

Sun Microsystems Reports Third Quarter Fiscal Year 2008 Results SANTA CLARA, Calif. - May 1, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its fiscal third quarter, which ended March 30, 2008.

Revenues for the third quarter of fiscal 2008 were $3.266 billion, a decrease of 0.5 percent as compared with $3.283 billion for the third quarter of fiscal 2007. Total gross margin as a percent of revenues was 44.9, an increase of 0.4 percentage points, as compared with the third quarter of fiscal 2007.

Net loss for the third quarter of fiscal 2008 on a GAAP basis was $34 million, or ($0.04) per share, as compared with net income of $67 million, or $0.07 per share, for the third quarter of fiscal 2007. In the third quarter of fiscal 2008, the company recorded a $52 million dollar tax provision, as compared to a tax benefit of $3 million in the third quarter of fiscal 2007. Net loss for the third quarter included charges related to the acquisition of MySQL, which reduced earnings per share by approximately $0.04.

Cash generated from operations for the third quarter of fiscal 2008 was $329 million, and the cash and marketable debt securities balance at the end of the quarter was $3.801 billion. During the third quarter, Sun continued to leverage its cash position, spending $300 million to repurchase 17.5 million shares of its common stock. There is currently $500 million remaining of the $3 billion share repurchase program announced in the company's fiscal fourth quarter of 2007.

"The U.S. economy presented Sun with significant challenges in the third quarter, masking our progress in developing nations and economies across the world," said Jonathan Schwartz, CEO of Sun Microsystems. "With double digit year-over-year growth in India and Brazil, and triple digit billings year-over-year growth in our energy efficient, Solaris-based Chip Multi-Threading (CMT) systems, Sun made considerable progress during the quarter. We continue to invest in the future created by open alternatives to proprietary technologies, best exemplified by the acquisition of MySQL. The world is moving to open source innovation, and Sun continues to lead that revolution"

Third Quarter Highlights

* Sun reported year-over-year revenue growth in 12 out of its 16 sales geographies during the third quarter, with double-digit revenue growth in key international markets across EMEA, Asia Pacific and the International Americas.

* From a product perspective, Solaris based Chip Multi-Threading (CMT) systems billings more than doubled year-over-year, with the Company's blade systems also delivering impressive billings growth fueled by Sun's comprehensive portfolio spanning AMD Opteron, Intel Xeon and Sun UltraSPARC offerings.

* Furthering its presence in the open source software marketplace, Sun announced the close of two significant acquisitions: MySQL, the world's most popular open source database provider, and innotek, whose VirtualBox products provide free desktop virtualization.

* Sun signed a landmark collaboration agreement with The People's Republic of China Ministry of Education to cultivate integrated circuit engineering talent and industry development based upon Sun's OpenSPARC open source silicon platform.

* Sun was awarded significant contracts including funding from the Defense Advanced Research Projects Agency (DARPA) for a five and a half year research project focused on microchip interconnectivity via on-chip optical networks enabled by silicon photonics and proximity communication.

Sun has scheduled a conference call today to discuss its financial results for the third quarter fiscal year 2008 at 1:30 p.m. (PT), which is being broadcast live at www.sun.com/investors.

About Sun Microsystems, Inc.

Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com

Sun, Sun Microsystems, the Sun logo, Solaris, Sun Fire, Java, innotek, VirtualBox, MySQL and The Network is the Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.

AMD and Opteron are trademarks or registered trademarks of Advanced Micro Devices.

Intel and Intel Xeon are trademarks or registered trademarks of Intel Corporation in the United States and other countries.

All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.

UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company, Ltd.

Billings represents amounts invoiced to customers in a period.

This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding future investments and industry trends. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: risks associated with developing, designing, manufacturing and distributing new products; lack of success in technological advancements; pricing pressures; lack of customer acceptance and implementation of new products and technologies; the possibility of errors or defects in new products; a material acquisition, restructuring or other event that results in significant charges; competition; adverse business conditions; failure to retain key employees; the cancellation or delay of projects; Sun's reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with Sun's international customers and operations; delays in product development; Sun's dependence on significant customers and specific industries; and Sun's dependence on channel partners. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended September 30, 2007 and December 30, 2007. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.

Sun, Sun Microsystems, the Sun logo, Solaris, Java and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.

For More Information

Investor Contact
Ron Pasek
650-786-8008
ron.pasek@sun.com

Press Contact
Kristi Rawlinson
650-786-6933
kristi.rawlinson@sun.com

Industry Analyst Contact
Melissa Selcher
650-787-1807
melissa.selcher@sun.com

Sun Microsystems to Report Third Quarter Fiscal 2008 Financial Results on May 1, 2008

Mon, 31 Mar 2008 05:05:00 PST

SANTA CLARA, Calif., March 31, 2008 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its third quarter fiscal year 2008 financial results on Thursday, May 1, 2008. The company will host a conference call to review the results beginning at 1:30 p.m. PT. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun provides timely notifications of the company's material news including SEC filings, investor events, press releases and CEO blog postings as part of the Official Investor Communications section of its website. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.

Sun Microsystems Reports Second Quarter Fiscal Year 2008 Results; Improved Margins and Bookings Growth Signal Strength in Customer Demand

Thu, 24 Jan 2008 01:00:00 PST

Sun Microsystems Reports Second Quarter Fiscal Year 2008 Results
Improved Margins and Bookings Growth Signal Strength in Customer Demand

SANTA CLARA, Calif. - January 24, 2008 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its fiscal second quarter, which ended December 30, 2007.

Revenues for the second quarter of fiscal 2008 were $3.615 billion, an increase of approximately 1.4 percent as compared with $3.566 billion for the second quarter of fiscal 2007. Total gross margin as a percent of revenues was 48.5, an increase of 3.5 percentage points, as compared with the second quarter of fiscal 2007.

Net income for the second quarter of fiscal 2008 on a GAAP basis was $260 million, or $0.31 per share⁽¹⁾, as compared with a net income of $133 million, or $0.15 per share, for the second quarter of fiscal 2007. GAAP net income for the second quarter of fiscal 2008 included a $32 million restructuring charge.

Cash generated from operations for the second quarter of fiscal 2008 was $336 million, and the cash and marketable debt securities balance at the end of the quarter was $4.677 billion.

"Today's results clearly demonstrate steady progress against our financial targets and highlight the accelerating demand set to fuel growth in the back half of the fiscal year," said Jonathan Schwartz, CEO of Sun Microsystems. "Headlining the results were improved margins and strong bookings along with double digit growth in emerging markets including India, China, Latin America, Eastern Europe, the Middle East and Africa. Adding to the momentum were the Solaris Operating System OEM agreement with Dell and our introduction of the industry's first open source datacenter virtualization and management platform, Sun xVM."

Sun has scheduled a conference call today to discuss its financial results for the second quarter fiscal year 2008 at 1:30 p.m. (PT), which is being broadcast live at www.sun.com/investors.

Sun's Annual Analyst Summit (SAS) will be held February 4-6 in San Francisco, Calif. Financial analysts and portfolio managers who wish to attend in person are invited to register at www.cplan.com/sunanalyst2008. The general public is invited to attend online at www.sun.com/investors.

About Sun Microsystems, Inc.

Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on www.sun.com.

Sun, Sun Microsystems, the Sun logo, Solaris, Java and The Network is the Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.

This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding demand and expectations for growth in the second half of the fiscal year. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: risks associated with developing, designing, manufacturing and distributing new products; lack of success in technological advancements; pricing pressures; lack of customer acceptance and implementation of new products and technologies; the possibility of errors or defects in new products; a material acquisition, restructuring or other event that results in significant charges; competition; adverse business conditions; failure to retain key employees; the cancellation or delay of projects; Sun's reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with Sun's international customers and operations; delays in product development; Sun's dependence on significant customers and specific industries; and Sun's dependence on channel partners. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007 and its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2007. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.

Investor Contact:
Bret Schaefer
650-786-0123
bret.schaefer@sun.com

Press Contact:
Kristi Rawlinson
650-786-6933
kristi.rawlinson@sun.com

Industry Analyst Contact:
Melissa Selcher
650-787-1807
melissa.selcher@sun.com

Sun Microsystems to Report Second Quarter Fiscal 2008 Financial Results on January 24, 2008

Wed, 19 Dec 2007 05:00:00 PST

SANTA CLARA, Calif., December 19, 2007 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its second quarter fiscal year 2008 financial results on Thursday, January 24, 2008. The company will host a conference call to review the results beginning at 1:30 p.m. PT. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. Sun encourages investors to check this website frequently for updates. In addition, Sun has established an Official Investor Communications section of its website allowing investors to receive timely notifications of material news from Sun including SEC filings, investor events, press releases and CEO blog postings. For more information about Sun's syndicated content service or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.

Sun Microsystems Delivers Another Solid Quarter; Reports Results for First Quarter Fiscal Year 2008

Mon, 05 Nov 2007 01:00:00 PST

SANTA CLARA, Calif. - November 5, 2007 - Sun Microsystems, Inc. (NASDAQ: JAVA) reported results today for its fiscal first quarter, which ended September 30, 2007.

Revenues for the first quarter of fiscal 2008 were $3.219 billion, an increase of approximately 1 percent as compared with $3.189 billion for the first quarter of fiscal 2007. Total gross margin as a percent of revenues was 48.5, an increase of 5.0 percentage points, as compared with the first quarter of fiscal 2007.

Net income for the first quarter of fiscal 2008 on a GAAP basis was $89 million, or $0.03 per share on a diluted basis, as compared with a net loss of $56 million, or ($0.02) per share, for the first quarter of fiscal 2007. GAAP net income for the first quarter of fiscal 2008 includes a $113 million restructuring charge, which equates to $0.03 per share.

Cash generated from operations for the first quarter of fiscal 2008 was $574 million, and cash and marketable debt securities balance at the end of the quarter was $5.193 billion.

"We showed continued execution and operating discipline and delivered a very solid first quarter with continued revenue growth, profitability and gross margin expansion," said Jonathan Schwartz, CEO of Sun Microsystems. "We saw particular strength in our high-end systems lineup, good growth in our subscription-based identity management software offerings, and even more adoption and momentum behind the award-winning open source Solaris 10 Operating System and our virtualization offerings. Growth remains our top priority for fiscal 2008 as we look to capitalize on our UltraSPARC T2 servers, delivering outstanding Solaris and Linux performance with extreme energy efficiency."

Sun has scheduled a conference call today to discuss its financial results for the first quarter fiscal year 2008 at 1:30 p.m. (PT), which is being broadcast live at www.sun.com/investors.

About Sun Microsystems, Inc.

Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com

Sun, Sun Microsystems, the Sun logo, Solaris, Java and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the US and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.

This press release contains forward-looking statements regarding the future results and performance of Sun Microsystems, Inc., including statements regarding Sun's future growth. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those predicted in any such forward-looking statements. Factors that could cause Sun's actual results to differ materially from those contained in such forward-looking statements include: risks associated with developing, designing, manufacturing and distributing new products; lack of success in technological advancements; pricing pressures; lack of customer acceptance and implementation of new products and technologies; the possibility of errors or defects in new products; a material acquisition, restructuring or other event that results in significant charges; competition; adverse business conditions; failure to retain key employees; the cancellation or delay of projects; Sun's reliance on single-source suppliers; risks associated with Sun's ability to purchase a sufficient amount of components to meet demand; inventory risks; risks associated with Sun's international customers and operations; delays in product development; Sun's dependence on significant customers and specific industries; and Sun's dependence on channel partners. Please also refer to Sun's periodic reports that are filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.

Investor Contact:
Bret Schaefer
650-786-0123
bret.schaefer@sun.com

Press Contact:
Kristi Rawlinson
650-786-6933
kristi.rawlinson@sun.com

Industry Analyst Contact:
Melissa Selcher
650-787-1807
melissa.selcher@sun.com

Sun Microsystems to Report Q1 Fiscal 2008 Financial Results on November 5, 2007

Tue, 09 Oct 2007 05:00:00 PST

SANTA CLARA, Calif., October 9, 2007 - Sun Microsystems, Inc. (Nasdaq: JAVA) will report its first quarter fiscal year 2008 financial results on Monday, November 5, 2007. The company will host a conference call to review the results beginning at 1:30 p.m. PST. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors. Sun periodically webcasts company announcements, product launch events and executive presentations which can be viewed via its website at www.sun.com/investors. In addition, Sun has established an Official Investor Communications section of its website allowing investors to receive timely notifications of material news from Sun including SEC filings, investor events, press releases and CEO blog postings. For more information about Sun's syndicated content service, or RSS Feeds, please visit www.sun.com/aboutsun/investor/rss.jsp. To subscribe to Sun's Newswire Service for email-based updates on the company's latest news, please visit www.sun.com/aboutsun/media.

Sun Microsystems Exceeds Profit Target; Reports Results for Fourth Quarter and Full Fiscal Year 2007

Mon, 30 Jul 2007 01:00:00 PST

SANTA CLARA, Calif. - July 30, 2007 - Sun Microsystems, Inc. (NASDAQ: SUNW) reported results today for its fourth quarter and full fiscal year, which ended June 30, 2007, exceeding its operating margin target, improving gross margin and delivering another sequential quarter of profit.

Sun Microsytems - Q4FY07 Earnings

Wed, 20 Jun 2007 01:00:00 PST

Q4 Earnings will be announced Monday, July 30, 2007.