Page last updated at 06:07 GMT, Friday, 2 May 2008 07:07 UK

Sun Micro to cut up to 2,500 jobs

Sun Microsystems mouse and mouse-mat
Sun Microsystems currently employs 33,500 people

The US computer firm Sun Microsystems has reported an unexpected three-month loss and announced plans to cut between 1,500 and 2,500 jobs.

Its shares fell 15% in after-hours trading on the Nasdaq stock exchange.

Sun reported a net loss of $34m (17m) compared with a profit of $67m in the same period of 2007.

It blamed costs relating to its takeover of the Swedish software firm MySQL as well as disappointing orders from US customers.

"I'm disappointed," said chief executive Jonathan Schwartz.

"Our third quarter was a challenging one in which US macroeconomic factors impacted our overall progress," he added.

The drop-off in orders was sharpest from the US government, retailers and telecoms firms.

The job cuts represent up to 7.5% of Sun's total workforce of 33,500.




SEE ALSO
Sun Microsystems back in profit
24 Jan 07 |  Business
Revamp costs hit Sun Micro profit
26 Jul 06 |  Business
Sun Micro to cut up to 5,000 jobs
31 May 06 |  Business
McNealy quits post as head of Sun
25 Apr 06 |  Business

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