Big Losses at Sun as Sales Fall
Following the announcement of the takeover by Oracle, Sun Microsystems' latest financial report shows a drastic drop in sales and a huge rise in company losses.
In the third quarter of 2008, Sun booked a sales volume of 3.2 billion dollars. This year that was down to $2.6 billion.
Comparisons to the second quarter of last year also prove disappointing for the company. A loss of 201 million dollars represents a dramatic tailspin compared to $34 million losses for the same period in 2008. Sun closed its last financial period with a registered loss of 209 million US dollars.
Sun Microsystems are to be taken over by the databank specialists Oracle, who will pay $7.4 billion dollars for the struggling company.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Red Hat Releases RHEL 10 Early
Red Hat quietly rolled out the official release of RHEL 10.0 a bit early.
-
openSUSE Joins End of 10
openSUSE has decided to not only join the End of 10 movement but it also will no longer support the Deepin Desktop Environment.
-
New Version of Flatpak Released
Flatpak 1.16.1 is now available as the latest, stable version with various improvements.
-
IBM Announces Powerhouse Linux Server
IBM has unleashed a seriously powerful Linux server with the LinuxONE Emperor 5.
-
Plasma Ends LTS Releases
The KDE Plasma development team is doing away with the LTS releases for a good reason.
-
Arch Linux Available for Windows Subsystem for Linux
If you've ever wanted to use a rolling release distribution with WSL, now's your chance.
-
System76 Releases COSMIC Alpha 7
With scores of bug fixes and a really cool workspaces feature, COSMIC is looking to soon migrate from alpha to beta.
-
OpenMandriva Lx 6.0 Available for Installation
The latest release of OpenMandriva has arrived with a new kernel, an updated Plasma desktop, and a server edition.
-
TrueNAS 25.04 Arrives with Thousands of Changes
One of the most popular Linux-based NAS solutions has rolled out the latest edition, based on Ubuntu 25.04.
-
Fedora 42 Available with Two New Spins
The latest release from the Fedora Project includes the usual updates, a new kernel, an official KDE Plasma spin, and a new System76 spin.