Sun's loss narrows as sales rise

Computer maker Sun Microsystems on Thursday posted a narrower quarterly net loss as revenue rose 17 percent, helped by its acquisition of tape storage company StorageTek and growth in its services business.

Sun reported a net loss for its first fiscal quarter ended Oct. 1 of $56 million, or 2 cents per share, compared with a year-ago net loss of $123 million, or 4 cents per share. Revenue rose to $3.19 billion from $2.73 billion.
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