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  5. Sun Reverses Course And Settles With Microsoft: Page 3 of 3
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Sun Reverses Course And Settles With Microsoft: Page 3 of 3

Sun Microsystems reversed course Friday, reaching a sweeping agreement under which longtime rival Microsoft will pay it nearly $2 billion to settle longstanding litigation and the companies will collaborate on
April 02, 2004

The agreement is an unprecedented change in the relationship between the companies. McNealy has often lashed out against Microsoft, calling it a monopoly. But the anti-Microsoft talk has quieted as Sun struggled to post a profit and the companies worked at resolving the issues between them.

In announcing its preliminary third-quarter results, Sun said it expects revenue for the quarter that ended March 28 to be about $2.65 billion, with a net loss in the range of $750 million to $810 million, or 23 to 35 cents per share.

The job cuts, along with capacity reductions by the company, are expected to result in a charge of $475 million that will be spread over the next several quarters, including a $200 million charge in the third quarter.

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