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Sun Micro Posts $1.7 Billion Loss (Update)

Stock quotes in this article: JAVA , IBM , INTC , AMD  

SAN FRANCISCO -- With one of the pillars of its business crumbling, Sun Microsystems(JAVA Quote) is going into bunker mode.

Executives at the troubled computer maker announced a $1.7 billion net loss on Thursday, along with a hefty write-down, and promptly declared an information blackout.

Sun suspended any financial forecasts for the remainder of the fiscal year and threw into doubt its previous operating targets. ...

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