Sun Microsystems (JAVA) Issues Strong Q4 EPS Guidance

July 15, 2008 4:05 PM EDT

Sun Microsystems, Inc. (NASDAQ: JAVA) expects Q4 revenue for of fiscal 2008 in the range of $3.725 to $3.800 billion, versus consensus estimate of $3.80 billion.

On a non-GAAP basis, Sun expects to report net income per diluted share in the range of $0.25 to $0.35 versus analysts' estimate of $0.27.

"In these difficult economic times, we continue to see customers across the world look to open software and hardware as a source of savings, and feel Sun is well positioned with our most robust line ever of server, storage, software and service offerings," said Jonathan Schwartz, CEO of Sun Microsystems.

Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership.

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