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Open Storage Shines as Sun Sets

Article Source Enterprise Storage Forum

Sun Microsystem's Open Storage efforts shone in the company's March quarter — just in time for Oracle to figure out what to do with the program.

Sun's overall sales declined by 20 percent in the quarter to $2.61 billion, about $240 million below analysts' estimates. The company reported a net loss of $201 million, but its cash burn slowed to just $18 million in the quarter, as the company ended the quarter with $2.99 billion in cash and marketable securities and $1.26 billion in long-term debt...

 

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