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Last Updated: Thursday, 14 October, 2004, 21:45 GMT 22:45 UK
Sun sees losses continue but fall
Sun head office
Sun's finances are improving
US software and computer server maker Sun Microsystems has reported first quarter losses of $174m (97m).

But the loss is not as bad as market expectations, and less than the figure for the same period last year - $286m.

Sun's revenues have also improved, up to $2.63bn compared with $2.54bn for the first quarter in 2003.

Analysts gave the results a qualified approval, saying that while revenues growth was still slow, good efforts had been made to cut expenses.

Getting better

"They're still struggling to show growth, but they're moving (product) volumes and as long as they can maintain profitability Wall Street will probably view this as positive," said Pacific Crest Securities analyst Brent Bracelin.

In after-hours trading, Sun shares rose 2.5% after the publication of the trading report.

In April, Microsoft paid Sun $1.6bn to resolve a patent and competition dispute.

Sun had accused Microsoft of changing its popular Java programming software without its permission.




SEE ALSO:
Sun reports expected giant loss
15 Apr 04  |  Business
Sun reaches deal with Microsoft
02 Apr 04  |  Business
Sun shares drop on profit warning
30 Sep 03  |  Business
Microsoft tries to block out Sun
13 Feb 03  |  Business
Microsoft ordered to carry Java
23 Dec 02  |  Business
Sun sues Microsoft
08 Mar 02  |  Business


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