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Technology Stocks : All About Sun Microsystems
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To: Lynn who wrote (48471)4/21/2002 5:08:10 PM
From: cfimx  Read Replies (2) of 64865
 
lynn, use your head and do some homework. i won't do it for you. listing a bunch of property in a 10k proves NOTHING.

It took me 2 minutes to dig this up:

"In response to the continuing global economic slowdown, the Company began implementing a workforce reduction and facility exit plan in the second quarter of fiscal 2002. This restructuring resulted in a charge of $511 million. The goal of the restructuring is to reduce costs and improve operating efficiencies in order to adjust to the current business environment. Specifically, it is the Company’s intent to reduce its headcount by approximately 9% (or 3,900 employees and contractors) and to eliminate excess facility capacity in light of revised facility requirements. "
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