Sun revises fourth-quarter results
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With the economy slowly turning up, upgrading hardware has been on businesses radar in the past 12 months as their number two priority.
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NEW YORK (CBS.MW) - SunTrust Banks said Monday it expects to restate its first and second quarter 2004 earnings after finding accounting irregularities in the way it recorded loan loss allowances for some auto loans.
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Progress Software said yesterday that it would restate previous financial results because of errors in stock-based compensation.
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(Corrects client asset figure in 8th paragraph of Jan. 4 story)     By Tim McLaughlin
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Reversing a year-earlier loss, Sun Microsystems this afternoon reported second-quarter net profit of $28 million and revenue of $2.84 billion.
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Computer maker Sun Microsystems Inc. reduced its net income by &#36;12 million for its fiscal fourth quarter, citing new information related to property leases and the finalization of the accounting for its settlement with Microsoft Corp.
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Sun Microsystems Inc. returned to a loss in its fiscal first quarter as the server and software maker paid for its recent restructuring efforts and a settlement with Eastman Kodak Co.
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Sun Microsystems Inc.'s fiscal second-quarter profit nearly doubled to edge past Wall Street's estimates, reflecting the server and software maker's cost-cutting efforts and maneuvers to shore up demand amid fierce competition, the company reported Thursday.
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Network computer maker Sun Microsystems Inc.  revised its most recently reported quarterly results slightly lower due to the finalized legal settlement with Microsoft Corp.  and property leases, filings showed on Monday.
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SunTrust Banks Inc., the seventh- largest US bank, said it will restate results for the first and second quarters of this year because the lender mistakenly inflated its reserve for loan losses.
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DECEMBER 06, 2004  - The progress report that Microsoft Corp. and Sun Microsystems Inc. issued last week on their joint initiatives left some IT managers and analysts wondering when or if the
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Net income for Sunâs fiscal 2008 second quarter, rose to $260 million, or 31 cents a share, from $133 million, or 15 cents a share, a year earlier.
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Network computer maker Sun  Microsystems Inc. SUNW.O revised its most recently reported  quarterly results slightly lower due to the finalized legal  settlement with Microsoft Corp. MSFT.O and property leases,  filings showed on Monday.
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, on Monday said it expects to restate first- and  second-quarter profit higher, changing how it accounts for loan  losses. It also said it put some finance executives on paid  administrative leave.
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Network computer maker Sun Microsystems Inc. on Thursday posted a narrower quarterly loss as revenue rose year over year for the second consecutive quarter after three years of declines, sending shares slightly higher.
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Sun Microsystems Inc. posted a small profit for its fiscal second quarter Thursday, but year-over-year sales continued to slide as the server and software maker struggled to gain back business it lost after tech collapse in 2001.
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Network computer maker Sun Microsystems Inc. on Thursday posted a narrower quarterly loss as revenue rose for the second consecutive quarter on higher sales of servers after three years of declines.