Sun Micro Gets the Cold Shoulder

Shares slumped Wednesday after the IT outfit reported a quarterly profit, as investors fretted that it faces increasing competition

Sun Microsystems (SUNW) managed to post a second consecutive quarterly profit, after having only recently persuaded more customers to buy improved versions of the computer hardware they had avoided since 2002. But investors sold the Santa Clara technology outfit's stock nonetheless on Apr. 25, worried that disappointing sales might herald a short-lived turnaround in the face of looming rivals.

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