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Sun: Fiscal 2Q09 Financial Results

Impressive and surprising 12% sequential growth for storage revenues

STORAGE REVENUES OF SUN MICROSYSTEMS
(for its second quarter of fiscal 2009,
which ended December 28, 2008)

(in US$ millions) 1Q09  2Q09 Growth
Disk and storage arrays 311 386 +24%
 Open storage  25 31  +24%
 Tape  188 245 +30%
 Other storage  11  8  -27%
 Storage reserves and adjustments  -28  -100  
 TOTAL STORAGE REVENUES  507  570  +12%

But compared to 2Q08, 2Q09 storage revenues fell 13%. "The category of ‘Open Storage’ grew 21% year over year, and is now at an approximately $100 million annual run rate, based on first and second quarter fiscal 2009 results," stated the company.

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