Sun to Keep Spending on Research
EARNINGS REPORT
NEW YORK--Sun Microsystems plans to keep spending on research and development, despite the fact that it probably will not break even this quarter.
Sun’s announcement that it would not break even, made during the Aug. 29 analysts’ conference call for its first quarter fiscal year 2002 results, caused a sharp drop in its share price and dragged down other companies in the technology sector. Sun was one of the first large-cap technology companies to provide a results update since June, and its
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