Nope, costs were down...
This from CBS Marketwatch:
Sun revised upward by more than threefold its reported fiscal fourth-quarter earnings, saying in an annual report filed on Monday that costs had been less than it had earlier expected.
But the company also said it could take a noncash charge for acquisitions of up to $2.2 billion if its market value did not triple by the end of the calendar year.
In another story:
Among hardware stocks, Sun Microsystems (SUNW: news, chart, profile) added 2.4 percent to $2.66 after Goldman Sachs analyst Laura Conigliaro predicted job cuts are ahead. She also lowered her third-quarter financial targets and reduced her 2003 revenue growth goal. "While we expect an announcement of layoffs to be well received by investors, there are too few near-term catalysts to cause a meaningful rebound in the stock."