Sun Microsystems expects profits in fourth quarter
Sun Microsystems announced last week that the company was adhering to its financial targets and hoped to return to profit in its fourth quarter, ending 30 June.
The company said that its revenue would be slightly up from its Q3 revenue of $3.1bn (€3.3bn). Gross margins are also expected to be up from the company's 42.1% fro Q3.
Analysts expect Q4 profits to be modest, from nil to two cents a share.
Sun has posted a loss for the past four consecutive quarters and Sun's stock has lost half its value since the beginning of the year.
