Sun Microsystems "actually lost $286 million, or 9 cents a share, compared with a loss of $111 million, or 4 cents a share, a year earlier. Revenue was $2.54 billion, down 8 percent from $2.75 billion a year earlier," reports the Mercury News.
"The just-ended quarter also marked the first time in nine years that Sun reported negative cash flow, a measure of the amount of money coming in vs money being paid out."
Also, "One day after Transmeta Corp announced its latest lines of processors, the company reported that it continued to bleed red ink. Transmeta said it lost $23.7 million on revenue of $2.7 million in the third quarter. The company's revenues were about half of the $5.1 million Transmeta reported in the second quarter, and about a third less than the $6.4 million the company reported in the year-ago quarter," reports eWeek.
Comment: the company says "sales of Transmeta's existing Crusoe chips had trailed off more quickly than expected." Having tried one, I'm not a bit surprised.
