Sun Shares Fall $1.25 as Firm Predicts Loss
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MOUNTAIN VIEW, Calif. — Sun Microsystems said Thursday that it may report a loss in the current quarter on lower-than-expected revenue.
Sun shares fell $1.25 on the news to $20.75 as the most actively traded issue in the over-the-counter market.
The company cited several factors for the expected shortfall, including slowed production because of switching to a new management information system. Sun also said it introduced five products in the quarter, making it difficult to forecast its product mix.
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