Open Storage Shines as Sun Sets

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Article Source Enterprise Storage Forum

Sun Microsystem’s Open Storage efforts shone in the company’s March quarter ‚Äî 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…