Sun trims fourth-quarter earnings by $12 million
InfoWorld | at | by Mike
Sun Microsystems trimmed its fourth quarter and full-year 2004 results this week, to account for final accounting of asset retirement obligations and its settlement with Microsoft In financial documents filed with the U.S. Securities and Exchange Commission on Monday, the Santa Clara, California, company said its net income for the quarter ended June 30, 2004 had been revised down by $12 million and $0.01 a share. Consequently, its 2004 annual net loss was increased by $12 million, and $0.01 per share, Sun said.