Sun Microsystems Burned to a Crisp

SAN FRANCISCO -- The Sun Microsystems(JAVA Quote) revival fizzled almost as quickly as it began, as the computer maker reverted to its erratic performance of years past while announcing red ink and layoffs.

Sun executives blamed a weak U.S. economy for its ills, and insisted the company's business opportunities remain strong.

But the explanation did little to appease investors, who sent Sun's shares tumbling more than 14%, or $2.82, to 13.91 -- a new 52-week low -- in extended trading Thursday. ...