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Sun guides lower for Q1 2009

This week Sun issued a press release giving the market a heads up that their Q1 results would be lower than anticipated

Sun logoSun expects to report revenues for the first quarter of fiscal 2009 in the range of $2.950 to $3.050 billion, as compared with $3.219 billion for the first quarter of fiscal 2008….Sun anticipates reporting GAAP net loss per share, before the impact of the potential goodwill impairment charge discussed below, for the first quarter of fiscal 2009 in the range of $(0.25) to $(0.35).

To put this in perspective Sun posted a profit for 2008, with profits in three out of four quarters (Q3 was the outlier).

“Sun and its customers are seeing the impact of a slowing economy. We believe we are positioned to offer the kinds of products that can radically help customers reduce expenditures for their infrastructure from Open Storage to Solaris-based Chip Multi-Threading (CMT) systems to offering the most eco-efficient systems in the market,” said Jonathan Schwartz, CEO of Sun Microsystems.

In other words, “we have no reason to think we’ll make money when everything else is tanking, but that’s how we hope it works out.” Sun will report final Q1 results Thursday next week.

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