Financial Times FT.com

Sun fails to shine as growth evaporates

By Richard Waters in San Francisco

Published: May 2 2008 03:04 | Last updated: May 2 2008 03:04

The attempted turnround at Sun Microsystems suffered a dent on Thursday with news that the former tech industry high-flyer had fallen back into loss and seen its growth evaporate in the opening months of this year.

The maker of servers and storage systems used in corporate IT networks responded with a promise to cut another 1,500-2,500 workers as it struggled to rebuild profit margins.

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