SAN FRANCISCO, 3:22 AM, SUN JUL 6 | 1 POSTS IN THE LAST 24 HOURS | tips@valleywag.com | RSS

Sun earnings so bad, they're racist

After computer maker Sun Microsystems admitted to a $34 million loss yesterday, investors could hardly wait to start the sell-off, with shares opening down and eventually closing at $12.64 — dipping as low as $12.37, well below half the the 52 week high and twenty percent in less than 24 hours. Prompting an unnamed reporter who covers Sun to let us steal the headline they'd never be allowed to run. While the company does promise to slash 2,500 employees from its payroll, the board may want to look at executive pay as well — CEO Jonathan Schwartz made Forbes' list of the twelve best-paid tech CEOs at $13.5 million.

7:20 PM on Fri May 2 2008
By Jackson West
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