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Earnings for tech leaders a mixed bag

Quarterly earnings reports unveiled some good news and some bad news for technology?s heavy-hitters.

 

  latest developments 

Quarterly earnings reports unveiled some good news and some bad news for technology?s heavy-hitters. Sun shone again with record revenue numbers, while Lucent failed to meet even revised Wall Street estimates.

 


Sun's earnings continue to shine
update Sun Microsystems, a company that's capitalizing on sales of servers that power the Internet, beat analyst expectations by a penny for its most recent quarter.

Gateway meets lowered Street expectations
update The PC maker closes its troubled fiscal year, reporting fourth-quarter earnings that were down 2.4 percent on a yearly basis to $126 million.

Lucent misses earnings by a penny
The telecommunications equipment maker sees its first-quarter profits fall 23 percent as it misses revised earnings estimates by a penny

Adaptec profits up on server product sales
The company, which designs electronic cards that speed computer communications, says its third-quarter profit rose 27 percent as it sold more of its products for powerful server computers.

Some tech earnings easily beat expectations
Giving yet more fuel to already high-flying stocks, a steady stream of technology companies have reported quarterly earnings that exceed Wall Street expectations.