Sun Microsystems has warned that revenues for what should be
its final quarter before the Oracle acquisition is finalised are
likely to be down 30% on last year's figures.
The sales forecast comes just days before company shareholders
are due to vote on a
$7.4bn acquisition by Oracle, reports the
Financial Times.
Sun warned that it expected to report revenues of
$2.58bn-$2.68bn in its latest quarter, compared with $3.78bn the
year before.
Although 30% below the figures for the same quarter last year,
Sun's estimate is only 14% Wall Street expected revenues of
£3.1bn.
The Oracle acquisition is
yet to be approved by US authorities investigating issues
around Java licensing. The EU may also scrutinise the deal for the
same reason.