Sun Micro to Take a Steep Charge
After the close of trading Monday, Sun Microsystems (SUNW ) says it will take a $1.05 billion charge in to account for a drop in the value of deferred tax assets. The charge will be recorded against fourth-quarter fiscal 2003 earnings, and Sun will revise its results to show a loss of loss of 32 cents a share. For the current quarter, Sun now sees a loss of 7 cents to 10 cents a share.
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